RFG Advisory LLC Has $192.65 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

RFG Advisory LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 4,293,510 shares of the company’s stock after acquiring an additional 250,764 shares during the quarter. Fidelity Total Bond ETF comprises 5.4% of RFG Advisory LLC’s investment portfolio, making the stock its 4th largest position. RFG Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $192,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. McGlone Suttner Wealth Management Inc. boosted its holdings in Fidelity Total Bond ETF by 38.3% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 895,790 shares of the company’s stock worth $40,194,000 after purchasing an additional 247,922 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 41.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 220,432 shares of the company’s stock worth $9,891,000 after buying an additional 64,388 shares during the last quarter. Lincoln Capital Corp grew its holdings in shares of Fidelity Total Bond ETF by 2.1% in the 4th quarter. Lincoln Capital Corp now owns 79,967 shares of the company’s stock valued at $3,588,000 after acquiring an additional 1,677 shares in the last quarter. Galvin Gaustad & Stein LLC grew its holdings in shares of Fidelity Total Bond ETF by 0.8% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock valued at $2,175,000 after acquiring an additional 386 shares in the last quarter. Finally, Cedar Point Capital Partners LLC increased its position in shares of Fidelity Total Bond ETF by 6.4% in the fourth quarter. Cedar Point Capital Partners LLC now owns 34,139 shares of the company’s stock valued at $1,532,000 after acquiring an additional 2,043 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.2 %

FBND stock opened at $44.91 on Friday. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The business has a 50 day moving average price of $45.27 and a two-hundred day moving average price of $45.85.

Fidelity Total Bond ETF Company 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.