CMG Global Holdings LLC Has $18 Million Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

CMG Global Holdings LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 90.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 385,023 shares of the company’s stock after purchasing an additional 182,889 shares during the quarter. Fidelity Total Bond ETF accounts for about 10.2% of CMG Global Holdings LLC’s holdings, making the stock its 2nd largest holding. CMG Global Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $17,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF in the 2nd quarter worth $32,000. Highline Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF in the third quarter worth $47,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $49,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $54,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.44 on Friday. The company has a market capitalization of $9.07 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The stock has a 50 day moving average price of $46.06 and a two-hundred day moving average price of $45.77.

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.