Kowal Investment Group LLC Has $97.46 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Kowal Investment Group LLC decreased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,085,128 shares of the company’s stock after selling 1,145 shares during the quarter. Fidelity Total Bond ETF makes up about 17.9% of Kowal Investment Group LLC’s investment portfolio, making the stock its largest position. Kowal Investment Group LLC owned 1.04% of Fidelity Total Bond ETF worth $97,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of FBND. Brookstone Capital Management increased its holdings in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Brookstone Capital Management now owns 550,275 shares of the company’s stock worth $24,933,000 after buying an additional 212,869 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc increased its holdings in Fidelity Total Bond ETF by 2.4% during the 1st quarter. Sherrill & Hutchins Financial Advisory Inc now owns 745,072 shares of the company’s stock valued at $33,759,000 after purchasing an additional 17,317 shares in the last quarter. Cetera Investment Advisers raised its position in Fidelity Total Bond ETF by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after purchasing an additional 383,302 shares during the last quarter. Aspiriant LLC boosted its stake in Fidelity Total Bond ETF by 7.4% in the first quarter. Aspiriant LLC now owns 342,410 shares of the company’s stock worth $15,515,000 after purchasing an additional 23,606 shares in the last quarter. Finally, 9258 Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the first quarter worth $207,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $46.29 on Thursday. The business has a fifty day moving average of $46.59 and a 200-day moving average of $45.58. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $47.30. The firm has a market cap of $9.24 billion, a PE ratio of 8.85 and a beta of 0.19.

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.