KFG Wealth Management LLC Has $37.03 Million Stock Holdings in Fidelity Total Bond ETF $FBND

KFG Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 813,982 shares of the company’s stock after buying an additional 29,496 shares during the quarter. Fidelity Total Bond ETF makes up 4.2% of KFG Wealth Management LLC’s portfolio, making the stock its 6th largest position. KFG Wealth Management LLC owned about 0.13% of Fidelity Total Bond ETF worth $37,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 9.3% in 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 in the last quarter. Valley Wealth Managers Inc. raised its stake in shares of Fidelity Total Bond ETF by 149.5% during the 4th quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after purchasing an additional 37,588 shares in the last quarter. Barry Investment Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 36.7% in the 2nd quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock valued at $7,997,000 after buying an additional 47,024 shares during the last quarter. USAdvisors Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 5.3% in the 4th quarter. USAdvisors Wealth Management LLC now owns 243,175 shares of the company’s stock valued at $11,195,000 after buying an additional 12,241 shares during the last quarter. Finally, Hicks Capital Management LLC grew its stake in shares of Fidelity Total Bond ETF by 11.3% in the fourth quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock valued at $11,599,000 after buying an additional 25,669 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of FBND opened at $44.67 on Thursday. The company has a market cap of $27.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1-year low of $44.59 and a 1-year high of $46.86. The company’s fifty day simple moving average is $45.10 and its 200 day simple moving average is $45.55.

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.