Fidelity Total Bond ETF $FBND is Graney & King LLC’s 3rd Largest Position

Graney & King LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,006 shares of the company’s stock after buying an additional 13,601 shares during the quarter. Fidelity Total Bond ETF accounts for 7.7% of Graney & King LLC’s holdings, making the stock its 3rd largest holding. Graney & King LLC owned approximately 0.06% of Fidelity Total Bond ETF worth $14,371,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the 1st quarter valued at about $25,000. Tucker Asset Management LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $37,000. Key Capital Management INC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $49,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $49,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $44.98 on Thursday. The firm has a 50 day simple moving average of $45.39 and a 200-day simple moving average of $45.76. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The firm has a market cap of $27.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

About Fidelity Total Bond ETF

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.