Syntegra Private Wealth Group LLC Buys Shares of 844,698 Fidelity Total Bond ETF $FBND

Syntegra Private Wealth Group LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 844,698 shares of the company’s stock, valued at approximately $38,535,000. Fidelity Total Bond ETF comprises about 3.7% of Syntegra Private Wealth Group LLC’s holdings, making the stock its 8th biggest position. Syntegra Private Wealth Group LLC owned 0.15% of Fidelity Total Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Leelyn Smith LLC boosted its holdings in Fidelity Total Bond ETF by 7.5% during the 1st quarter. Leelyn Smith LLC now owns 674,311 shares of the company’s stock valued at $30,762,000 after acquiring an additional 46,840 shares during the period. PFG Investments LLC grew its position in Fidelity Total Bond ETF by 12.7% in the 1st quarter. PFG Investments LLC now owns 12,678 shares of the company’s stock valued at $578,000 after acquiring an additional 1,427 shares during the last quarter. Baer Investment Advisory LLC bought a new position in Fidelity Total Bond ETF in the 1st quarter valued at $11,048,000. World Investment Advisors increased its stake in Fidelity Total Bond ETF by 14.0% in the first quarter. World Investment Advisors now owns 397,036 shares of the company’s stock worth $18,113,000 after purchasing an additional 48,640 shares during the period. Finally, USAdvisors Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 3.3% in the first quarter. USAdvisors Wealth Management LLC now owns 251,179 shares of the company’s stock worth $11,423,000 after purchasing an additional 8,004 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.47 on Friday. The company has a market cap of $26.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The stock has a fifty day simple moving average of $45.53 and a 200-day simple moving average of $45.90.

Fidelity Total Bond ETF Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.