Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Kowal Investment Group LLC

Kowal Investment Group LLC lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,086,273 shares of the company’s stock after selling 56,167 shares during the period. Fidelity Total Bond ETF accounts for about 18.7% of Kowal Investment Group LLC’s portfolio, making the stock its largest position. Kowal Investment Group LLC owned approximately 1.05% of Fidelity Total Bond ETF worth $93,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Country Trust Bank raised its holdings in shares of Fidelity Total Bond ETF by 12.7% during the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock valued at $267,816,000 after purchasing an additional 672,872 shares during the period. Envestnet Asset Management Inc. raised its stake in Fidelity Total Bond ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after buying an additional 825,448 shares during the period. RFG Advisory LLC boosted its holdings in Fidelity Total Bond ETF by 3.1% in the second quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock worth $165,774,000 after acquiring an additional 111,480 shares in the last quarter. Legacy Wealth Management Inc boosted its holdings in Fidelity Total Bond ETF by 2.3% in the second quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock worth $129,149,000 after acquiring an additional 65,956 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Fidelity Total Bond ETF by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 2,437,462 shares of the company’s stock valued at $110,441,000 after acquiring an additional 247,521 shares during the period.

Fidelity Total Bond ETF Stock Down 0.0 %

Shares of NYSEARCA:FBND opened at $46.99 on Friday. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $47.30. The stock’s 50 day moving average is $46.32 and its 200-day moving average is $45.43. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.