Kestra Investment Management LLC Increases Holdings in Fidelity Total Bond ETF $FBND

Kestra Investment Management LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,510 shares of the company’s stock after purchasing an additional 24,489 shares during the period. Kestra Investment Management LLC owned approximately 0.10% of Fidelity Total Bond ETF worth $19,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $27,000. Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $38,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Clarity Asset Management Inc. raised its stake in shares of Fidelity Total Bond ETF by 285.3% during the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after purchasing an additional 1,010 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth $86,000.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of FBND stock opened at $46.15 on Friday. The firm has a fifty day simple moving average of $46.44 and a 200-day simple moving average of $46.01. The company has a market capitalization of $22.05 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

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.