Koshinski Asset Management Inc. Acquires Shares of 19,225 Fidelity Total Bond ETF (NYSEARCA:FBND)

Koshinski Asset Management Inc. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,225 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors also recently bought and sold shares of FBND. Mather Group LLC. boosted its stake in shares of Fidelity Total Bond ETF by 4,145.0% during the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares in the last quarter. Summit Financial Strategies Inc. increased its holdings in shares of Fidelity Total Bond ETF by 4,346.0% in the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock valued at $58,218,000 after acquiring an additional 1,266,595 shares during the period. RFG Advisory LLC raised its position in shares of Fidelity Total Bond ETF by 44.0% in the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after acquiring an additional 1,093,311 shares in the last quarter. Quotient Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $44,290,000. Finally, Fermata Advisors LLC boosted its position in Fidelity Total Bond ETF by 771.5% during the third quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock valued at $48,921,000 after purchasing an additional 926,557 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.03 on Tuesday. The company has a market capitalization of $9.19 billion, a PE ratio of 8.85 and a beta of 0.19. The company has a 50-day simple moving average of $46.59 and a two-hundred day simple moving average of $45.56. Fidelity Total Bond ETF has a one year low of $42.45 and a one year 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.