KFG Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 94.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 563,676 shares of the company’s stock after buying an additional 274,051 shares during the quarter. Fidelity Total Bond ETF comprises 4.7% of KFG Wealth Management LLC’s holdings, making the stock its 4th biggest position. KFG Wealth Management LLC owned 0.28% of Fidelity Total Bond ETF worth $25,292,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in Fidelity Total Bond ETF in the third quarter valued at about $30,000. Highline Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF during the third quarter worth about $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at approximately $87,000.
Fidelity Total Bond ETF Trading Up 0.2 %
Shares of Fidelity Total Bond ETF stock opened at $45.01 on Friday. The company has a market cap of $8.98 billion, a PE ratio of 8.85 and a beta of 0.19. The company has a 50 day moving average of $45.26 and a 200-day moving average of $45.84. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30.
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.
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