Kowal Investment Group LLC Buys 51,773 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kowal Investment Group LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,142,440 shares of the company’s stock after purchasing an additional 51,773 shares during the period. Fidelity Total Bond ETF makes up about 21.0% of Kowal Investment Group LLC’s investment portfolio, making the stock its biggest position. Kowal Investment Group LLC owned approximately 2.23% of Fidelity Total Bond ETF worth $97,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Scott Capital Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 28.5% during the first quarter. Scott Capital Advisors LLC now owns 13,131 shares of the company’s stock worth $591,000 after purchasing an additional 2,912 shares in the last quarter. Compass Ion Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 4.2% during the first quarter. Compass Ion Advisors LLC now owns 413,958 shares of the company’s stock worth $18,756,000 after buying an additional 16,705 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc raised its stake in shares of Fidelity Total Bond ETF by 2.4% during the first quarter. Sherrill & Hutchins Financial Advisory Inc now owns 745,072 shares of the company’s stock worth $33,759,000 after buying an additional 17,317 shares during the last quarter. Mayfair Advisory Group LLC raised its stake in shares of Fidelity Total Bond ETF by 40.7% during the first quarter. Mayfair Advisory Group LLC now owns 164,967 shares of the company’s stock worth $7,475,000 after buying an additional 47,719 shares during the last quarter. Finally, Barry Investment Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the first quarter worth approximately $977,000.

Fidelity Total Bond ETF Trading Down 0.6 %

Shares of FBND traded down $0.28 on Monday, reaching $44.65. 776,648 shares of the company’s stock were exchanged, compared to its average volume of 1,240,674. The stock has a market capitalization of $8.91 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a 50 day moving average price of $44.87 and a two-hundred day moving average price of $45.18. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $46.21.

Fidelity Total Bond ETF Company 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.