Kestra Investment Management LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 14.6% in the fourth quarter, Holdings Channel reports. The fund owned 160,728 shares of the company’s stock after purchasing an additional 20,490 shares during the quarter. Kestra Investment Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,400,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. First Command Advisory Services Inc. acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $47,000. Finally, Fifth Third Bancorp boosted its position in Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares during the period.
Fidelity Total Bond ETF Price Performance
NYSEARCA:FBND opened at $45.40 on Tuesday. The firm’s 50 day simple moving average is $45.68 and its 200 day simple moving average is $46.07. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The company has a market cap of $25.44 billion, a PE ratio of 8.94 and a beta of 0.28.
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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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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