Kraft Davis & Associates LLC Purchases 338 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kraft Davis & Associates LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,509 shares of the company’s stock after purchasing an additional 338 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Fidelity Total Bond ETF were worth $562,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FBND. Sagespring Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $395,300,000. Raymond James Financial Inc. bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $196,442,000. JPMorgan Chase & Co. increased its holdings in Fidelity Total Bond ETF by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock valued at $322,809,000 after purchasing an additional 2,024,839 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth $78,895,000. Finally, Dynasty Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after purchasing an additional 1,725,938 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

Fidelity Total Bond ETF stock opened at $45.72 on Thursday. The stock has a 50-day simple moving average of $45.23 and a 200 day simple moving average of $45.26. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 8.94 and a beta of 0.26. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $47.30.

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.