Kestra Advisory Services LLC Has $180.95 Million Stake in Fidelity Total Bond ETF $FBND

Kestra Advisory Services LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,966,524 shares of the company’s stock after purchasing an additional 292,103 shares during the period. Fidelity Total Bond ETF makes up 0.7% of Kestra Advisory Services LLC’s investment portfolio, making the stock its 20th largest holding. Kestra Advisory Services LLC owned about 0.71% of Fidelity Total Bond ETF worth $180,953,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Fidelity Total Bond ETF during the first quarter worth about $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at $37,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $49,000.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $45.28 on Friday. The company’s 50-day moving average price is $45.48 and its 200-day moving average price is $45.87. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The company has a market cap of $26.53 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.