Kestra Investment Management LLC Boosts Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Kestra Investment Management LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 466,733 shares of the company’s stock after buying an additional 11,913 shares during the quarter. Kestra Investment Management LLC owned approximately 0.23% of Fidelity Total Bond ETF worth $20,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF during the third quarter worth about $30,000. Highline Wealth Partners LLC purchased a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $47,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $87,000.

Fidelity Total Bond ETF Trading Up 0.4 %

FBND opened at $45.32 on Tuesday. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The company has a market cap of $9.04 billion, a PE ratio of 8.85 and a beta of 0.19. The company has a 50 day moving average of $45.09 and a 200 day moving average of $45.81.

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.