Genesis Private Wealth LLC Acquires Shares of 263,732 Fidelity Total Bond ETF (NYSEARCA:FBND)

Genesis Private Wealth LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 263,732 shares of the company’s stock, valued at approximately $11,834,000. Fidelity Total Bond ETF comprises about 6.5% of Genesis Private Wealth LLC’s portfolio, making the stock its 2nd largest position. Genesis Private Wealth LLC owned approximately 0.13% of Fidelity Total Bond ETF at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FBND. Mather Group LLC. increased its holdings in shares of Fidelity Total Bond ETF by 4,145.0% during the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after buying an additional 3,461,472 shares during the last quarter. Crane Advisory LLC purchased a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $50,363,000. Thrivent Financial for Lutherans boosted its position in shares of Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after purchasing an additional 992,739 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in shares of Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares during the period. Finally, Fermata Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.08 on Wednesday. The stock has a market capitalization of $9.00 billion, a P/E ratio of 8.85 and a beta of 0.19. The company has a 50 day moving average price of $45.28 and a 200 day moving average price of $45.86. Fidelity Total Bond ETF has a fifty-two week low of $44.01 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.