Kingswood Wealth Advisors LLC Acquires 88,196 Shares of Fidelity Total Bond ETF $FBND

Kingswood Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 291.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,460 shares of the company’s stock after buying an additional 88,196 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $5,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fifth Third Bancorp purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $27,000. Caldwell Trust Co bought a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $34,000. Maryland Capital Advisors Inc. grew its stake in Fidelity Total Bond ETF by 378.5% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after buying an additional 651 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $38,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth $49,000.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $46.18 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The stock has a market cap of $23.54 billion, a P/E ratio of 8.94 and a beta of 0.28. The firm’s fifty day moving average price is $46.31 and its 200-day moving average price is $46.14.

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.