KFA Private Wealth Group LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

KFA Private Wealth Group LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,407 shares of the company’s stock after purchasing 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 largest holding. KFA Private Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $14,377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Advisory Group L.L.C. increased its holdings in shares of Fidelity Total Bond ETF by 4.4% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 9,734 shares of the company’s stock valued at $437,000 after buying an additional 409 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 21.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 278,995 shares of the company’s stock valued at $12,518,000 after buying an additional 49,597 shares in the last quarter. tru Independence LLC increased its holdings in shares of Fidelity Total Bond ETF by 6.7% in the fourth quarter. tru Independence LLC now owns 265,082 shares of the company’s stock valued at $11,894,000 after buying an additional 16,707 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its holdings in shares of Fidelity Total Bond ETF by 22.7% in the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 19,256 shares of the company’s stock valued at $864,000 after buying an additional 3,558 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its holdings in shares of Fidelity Total Bond ETF by 9.3% in the fourth quarter. Summit Financial Strategies Inc. now owns 1,737,448 shares of the company’s stock valued at $77,959,000 after buying an additional 147,437 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.22 on Tuesday. The business’s fifty day moving average is $45.26 and its two-hundred day moving average is $45.85. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock has a market capitalization of $9.02 billion, a P/E ratio of 8.85 and a beta of 0.19.

About Fidelity Total Bond ETF

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.