KG&L Capital Management LLC Invests $870,000 in Fidelity Total Bond ETF $FBND

KG&L Capital Management LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,017 shares of the company’s stock, valued at approximately $870,000.

Several other institutional investors have also recently modified their holdings of the stock. Diversified Trust Co acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $427,000. Cerity Partners LLC boosted its position in Fidelity Total Bond ETF by 27.5% during the 1st quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after purchasing an additional 1,729 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Fidelity Total Bond ETF by 1.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock worth $6,862,000 after purchasing an additional 2,642 shares during the period. Park Avenue Securities LLC boosted its position in Fidelity Total Bond ETF by 69.2% during the 1st quarter. Park Avenue Securities LLC now owns 22,559 shares of the company’s stock worth $1,030,000 after purchasing an additional 9,225 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Fidelity Total Bond ETF by 1.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 208,265 shares of the company’s stock worth $9,507,000 after purchasing an additional 2,203 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of Fidelity Total Bond ETF stock opened at $46.28 on Friday. The company has a fifty day moving average price of $46.01 and a 200 day moving average price of $45.57. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.95. The stock has a market cap of $20.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

Fidelity Total Bond ETF 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.