RFG Advisory LLC Has $57.66 Million Position in Fidelity Total Bond ETF $FBND

RFG Advisory LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,263,916 shares of the company’s stock after selling 135,998 shares during the quarter. Fidelity Total Bond ETF accounts for 1.1% of RFG Advisory LLC’s portfolio, making the stock its 10th largest position. RFG Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $57,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Network Inc. grew its holdings in shares of Fidelity Total Bond ETF by 20.3% in the 4th quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after acquiring an additional 20,803 shares in the last quarter. Sunburst Financial Group LLC raised its holdings in Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after acquiring an additional 28,089 shares in the last quarter. Genesis Private Wealth LLC raised its holdings in Fidelity Total Bond ETF by 9.0% during the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after acquiring an additional 26,093 shares in the last quarter. OLIO Financial Planning boosted its position in Fidelity Total Bond ETF by 5.8% during the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after purchasing an additional 53,318 shares during the last quarter. Finally, Capital Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after purchasing an additional 53,398 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.5%

FBND stock opened at $45.76 on Thursday. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The business has a 50 day moving average price of $45.59 and a two-hundred day moving average price of $45.93.

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.