Kowal Investment Group LLC Boosts Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Kowal Investment Group LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.5% during the first quarter, Holdings Channel.com reports. The fund owned 2,142,440 shares of the company’s stock after buying an additional 51,773 shares during the period. Fidelity Total Bond ETF accounts for approximately 21.0% of Kowal Investment Group LLC’s portfolio, making the stock its largest position. Kowal Investment Group LLC’s holdings in Fidelity Total Bond ETF were worth $97,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FBND. O Shaughnessy Asset Management LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $309,000. Ancora Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 0.6% during the third quarter. Ancora Advisors LLC now owns 44,261 shares of the company’s stock valued at $1,928,000 after buying an additional 268 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Fidelity Total Bond ETF by 38.0% during the third quarter. Advisors Asset Management Inc. now owns 9,479 shares of the company’s stock valued at $413,000 after buying an additional 2,611 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after buying an additional 2,906,069 shares during the last quarter. Finally, Shakespeare Wealth Management Inc. grew its stake in shares of Fidelity Total Bond ETF by 2.8% during the third quarter. Shakespeare Wealth Management Inc. now owns 488,572 shares of the company’s stock valued at $21,282,000 after buying an additional 13,423 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.6 %

NYSEARCA:FBND traded down $0.28 during midday trading on Monday, hitting $44.65. The stock had a trading volume of 776,648 shares, compared to its average volume of 1,240,674. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.21. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a 50-day moving average of $44.87 and a 200 day moving average of $45.18.

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.