KFA Private Wealth Group LLC Has $20.34 Million Stock Position in Fidelity Total Bond ETF $FBND

KFA Private Wealth Group LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,748 shares of the company’s stock after purchasing an additional 32,922 shares during the quarter. Fidelity Total Bond ETF comprises approximately 4.9% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 3rd biggest position. KFA Private Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $20,335,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $25,000. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter worth $32,000. Clearstead Advisors LLC bought a new position in Fidelity Total Bond ETF during the 3rd quarter worth $36,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $37,000. Finally, Fifth Third Bancorp lifted 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 buying an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.76 on Thursday. The firm has a 50-day moving average of $45.59 and a 200-day moving average of $45.93. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The stock has a market cap of $25.64 billion, a PE ratio of 8.94 and a beta of 0.27.

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.