Kestra Investment Management LLC Has $7.40 Million Stake in Fidelity Total Bond ETF $FBND

Kestra Investment Management LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,728 shares of the company’s stock after buying an additional 20,490 shares during the period. Kestra Investment Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,400,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FBND. Cerity Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC lifted its holdings in shares of Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth about $49,000. Graney & King LLC lifted its holdings in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.40 on Tuesday. The stock has a market capitalization of $25.44 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a 50-day moving average price of $45.68 and a 200-day moving average price of $46.07.

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.