KFG Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 784,486 shares of the company’s stock after acquiring an additional 66,233 shares during the period. Fidelity Total Bond ETF makes up approximately 4.6% of KFG Wealth Management LLC’s portfolio, making the stock its 5th largest position. KFG Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $35,788,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in FBND. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $36,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $37,000. Finally, Fifth Third Bancorp raised its stake in shares of Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the last quarter.
Fidelity Total Bond ETF Price Performance
Shares of NYSEARCA:FBND opened at $45.76 on Thursday. The company has a market cap of $25.64 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The stock’s fifty day moving average price is $45.59 and its 200-day moving average price is $45.93.
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.
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