KMG Fiduciary Partners LLC Lowers Stock Holdings in Fidelity Total Bond ETF $FBND

KMG Fiduciary Partners LLC lessened its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 64.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,238 shares of the company’s stock after selling 231,236 shares during the period. KMG Fiduciary Partners LLC’s holdings in Fidelity Total Bond ETF were worth $5,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FBND. Morgan Stanley grew its position in shares of Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after buying an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter valued at $141,726,000. JPMorgan Chase & Co. boosted its stake in Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares during the period. Finally, Legacy Wealth Management LLC grew its position in Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.3%

Shares of NYSEARCA FBND opened at $44.86 on Tuesday. The firm has a market capitalization of $27.18 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock’s 50-day simple moving average is $45.30 and its two-hundred day simple moving average is $45.69. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86.

Fidelity Total Bond ETF Company 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.