Fidelity Total Bond ETF $FBND Holdings Lowered by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,487 shares of the company’s stock after selling 62,931 shares during the quarter. Fidelity Total Bond ETF makes up approximately 4.1% of KFA Private Wealth Group LLC’s portfolio, making the stock its 3rd largest holding. KFA Private Wealth Group LLC owned 0.07% of Fidelity Total Bond ETF worth $13,381,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC lifted its stake in shares of Fidelity Total Bond ETF by 3.2% during the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after buying an additional 282 shares in the last quarter. Bogart Wealth LLC grew its position in shares of Fidelity Total Bond ETF by 23.3% in the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after purchasing an additional 297 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares in the last quarter. Kraft Davis & Associates LLC grew its position in shares of Fidelity Total Bond ETF by 2.8% in the first quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock valued at $562,000 after purchasing an additional 338 shares in the last quarter. Finally, Legacy Solutions LLC grew its position in shares of Fidelity Total Bond ETF by 0.8% in the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after purchasing an additional 382 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

Shares of NYSEARCA FBND opened at $46.42 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.82. The business has a 50-day simple moving average of $46.15 and a two-hundred day simple moving average of $45.62. The company has a market cap of $21.31 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.