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

Kowal Investment Group LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,085,128 shares of the company’s stock after selling 1,145 shares during the period. Fidelity Total Bond ETF makes up 17.9% of Kowal Investment Group LLC’s portfolio, making the stock its biggest position. Kowal Investment Group LLC’s holdings in Fidelity Total Bond ETF were worth $97,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital CS Group LLC raised its position in shares of Fidelity Total Bond ETF by 5.1% in the 2nd quarter. Capital CS Group LLC now owns 6,027 shares of the company’s stock valued at $271,000 after acquiring an additional 294 shares during the period. Regatta Capital Group LLC raised its holdings in Fidelity Total Bond ETF by 2.3% in the third quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock worth $641,000 after purchasing an additional 304 shares during the period. Arkadios Wealth Advisors raised its holdings in Fidelity Total Bond ETF by 5.5% in the first quarter. Arkadios Wealth Advisors now owns 6,244 shares of the company’s stock worth $283,000 after purchasing an additional 323 shares during the period. CGN Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 3.0% during the first quarter. CGN Advisors LLC now owns 11,462 shares of the company’s stock worth $519,000 after purchasing an additional 336 shares in the last quarter. Finally, Capital Planning LLC grew its holdings in shares of Fidelity Total Bond ETF by 0.9% in the 2nd quarter. Capital Planning LLC now owns 45,501 shares of the company’s stock valued at $2,053,000 after buying an additional 388 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1 %

FBND opened at $46.29 on Thursday. The stock has a market cap of $9.24 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $47.30. The company has a fifty day simple moving average of $46.59 and a 200 day simple moving average of $45.58.

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.