BKM Wealth Management LLC Takes $216,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

BKM Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the third quarter, Holdings Channel.com reports. The firm acquired 4,621 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth approximately $30,000. Transcendent Capital Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter worth approximately $32,000. Centerpoint Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter worth approximately $37,000. Strategic Financial Concepts LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $49,000. Finally, Bell Investment Advisors Inc acquired a new position in Fidelity Total Bond ETF during the second quarter worth $55,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.71 on Friday. The stock’s fifty day moving average is $46.54 and its two-hundred day moving average is $45.62. The firm has a market capitalization of $9.12 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a fifty-two week low of $42.56 and a fifty-two week high of $47.30.

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.