Syntegra Private Wealth Group LLC Invests $38.53 Million in Fidelity Total Bond ETF $FBND

Syntegra Private Wealth Group LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 844,698 shares of the company’s stock, valued at approximately $38,535,000. Fidelity Total Bond ETF accounts for about 3.7% of Syntegra Private Wealth Group LLC’s holdings, making the stock its 8th largest position.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in 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 period. Betterment LLC grew its holdings in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 2nd quarter valued at about $49,000. Graney & King LLC increased its position in Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Fidelity Total Bond ETF by 40.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.47 on Friday. The firm has a 50-day simple moving average of $45.53 and a 200-day simple moving average of $45.90. 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 $26.56 billion, a P/E 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.