Kuhn & Co Investment Counsel Acquires 1,080 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kuhn & Co Investment Counsel boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,322 shares of the company’s stock after acquiring an additional 1,080 shares during the period. Fidelity Total Bond ETF accounts for 1.3% of Kuhn & Co Investment Counsel’s holdings, making the stock its 23rd biggest position. Kuhn & Co Investment Counsel’s holdings in Fidelity Total Bond ETF were worth $1,407,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $11,176,000. Visionary Wealth Advisors increased its position in Fidelity Total Bond ETF by 5.2% during the 4th quarter. Visionary Wealth Advisors now owns 86,217 shares of the company’s stock worth $3,969,000 after buying an additional 4,258 shares during the period. Vantage Financial Partners Ltd. Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 358.1% during the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 387,205 shares of the company’s stock worth $17,827,000 after buying an additional 302,672 shares in the last quarter. Red Mountain Financial LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $2,491,000. Finally, Certified Advisory Corp bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $321,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $47.08 on Friday. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $47.13. The firm’s 50-day simple moving average is $46.15 and its 200 day simple moving average is $45.36. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF 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.