KMG Fiduciary Partners LLC Grows Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

KMG Fiduciary Partners LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 173.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,909 shares of the company’s stock after buying an additional 185,226 shares during the quarter. Fidelity Total Bond ETF makes up about 1.1% of KMG Fiduciary Partners LLC’s holdings, making the stock its 19th largest position. KMG Fiduciary Partners LLC owned about 0.07% of Fidelity Total Bond ETF worth $13,326,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. RDA Financial Network increased its position in Fidelity Total Bond ETF by 1.5% in the first quarter. RDA Financial Network now owns 88,680 shares of the company’s stock worth $4,048,000 after buying an additional 1,337 shares during the last quarter. LPF Advisors LLC increased its position in Fidelity Total Bond ETF by 6.4% in the first quarter. LPF Advisors LLC now owns 268,452 shares of the company’s stock worth $12,255,000 after buying an additional 16,250 shares during the last quarter. OLIO Financial Planning increased its position in Fidelity Total Bond ETF by 11.5% in the first quarter. OLIO Financial Planning now owns 854,166 shares of the company’s stock worth $38,993,000 after buying an additional 88,278 shares during the last quarter. KFG Wealth Management LLC increased its position in Fidelity Total Bond ETF by 5.6% in the first quarter. KFG Wealth Management LLC now owns 595,410 shares of the company’s stock worth $27,180,000 after buying an additional 31,734 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its position in shares of Fidelity Total Bond ETF by 1.3% in the first quarter. Tower Wealth Partners Inc. now owns 67,559 shares of the company’s stock valued at $3,084,000 after purchasing an additional 852 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.01 on Friday. The stock has a market cap of $18.22 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $47.30. The stock has a fifty day moving average of $45.18 and a 200-day moving average of $45.29.

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.