KFA Private Wealth Group LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,407 shares of the company’s stock after acquiring an additional 48,715 shares during the period. Fidelity Total Bond ETF accounts for about 6.0% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 3rd biggest holding. KFA Private Wealth Group LLC owned about 0.16% of Fidelity Total Bond ETF worth $14,377,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Fidelity Total Bond ETF by 2.2% during the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares during the period. RFG Advisory LLC boosted its position in shares of Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after buying an additional 250,764 shares during the period. Mather Group LLC. boosted its position in shares of Fidelity Total Bond ETF by 4,145.0% during the third 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 period. Finally, Legacy Wealth Management Inc boosted its position in shares of Fidelity Total Bond ETF by 4.9% during the fourth quarter. Legacy Wealth Management Inc now owns 3,080,887 shares of the company’s stock worth $138,239,000 after buying an additional 143,631 shares during the period.
Fidelity Total Bond ETF Trading Up 0.5 %
Shares of NYSEARCA FBND opened at $45.22 on Tuesday. The stock has a 50 day simple moving average of $45.26 and a 200-day simple moving average of $45.85. The company has a market cap of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month 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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