Fidelity Total Bond ETF $FBND Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 588,317 shares of the company’s stock after acquiring an additional 67,193 shares during the period. Fidelity Total Bond ETF makes up approximately 1.7% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 6th largest position. Koshinski Asset Management Inc. owned about 0.11% of Fidelity Total Bond ETF worth $26,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FBND. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the 1st quarter valued at $25,000. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $32,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $37,000. Finally, Key Capital Management INC bought a new position in Fidelity Total Bond ETF during the 4th quarter worth $49,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.47 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The company has a market capitalization of $26.64 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a fifty day moving average of $45.53 and a 200-day moving average of $45.90.

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.