Kestra Advisory Services LLC Increases Position in Fidelity Total Bond ETF $FBND

Kestra Advisory Services LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,966,524 shares of the company’s stock after purchasing an additional 292,103 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 0.7% of Kestra Advisory Services LLC’s investment portfolio, making the stock its 20th biggest holding. Kestra Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $180,953,000 as of its most recent SEC filing.

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

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.28 on Friday. The company has a market capitalization of $26.53 billion, a PE ratio of 8.94 and a beta of 0.27. The company’s fifty day moving average price is $45.48 and its 200-day moving average price is $45.87. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.