Financial Strategies Group Inc. Has $25.79 Million Stock Position in Fidelity Total Bond ETF $FBND

Financial Strategies Group Inc. raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,240 shares of the company’s stock after acquiring an additional 20,467 shares during the period. Fidelity Total Bond ETF makes up approximately 4.7% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 5th largest position. Financial Strategies Group Inc.’s holdings in Fidelity Total Bond ETF were worth $25,792,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter worth approximately $36,000. First Command Advisory Services Inc. bought a new stake in shares of Fidelity Total Bond ETF during the third quarter worth approximately $47,000. Fifth Third Bancorp boosted its holdings in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the period. Finally, Key Capital Management INC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.51 on Thursday. The stock has a market cap of $25.50 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a 50 day moving average of $45.82 and a 200-day moving average of $46.14. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86.

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.