FWG Holdings LLC Has $10.74 Million Stock Position in Fidelity Total Bond ETF $FBND

FWG Holdings LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,459 shares of the company’s stock after purchasing an additional 11,450 shares during the quarter. Fidelity Total Bond ETF makes up approximately 4.7% of FWG Holdings LLC’s investment portfolio, making the stock its 4th largest position. FWG Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $10,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $27,000. Caldwell Trust Co purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth approximately $34,000. Maryland Capital Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $38,000. Finally, Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the second quarter worth approximately $49,000.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of NYSEARCA FBND opened at $46.11 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The firm has a market cap of $23.81 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a fifty day simple moving average of $46.26 and a two-hundred day simple moving average of $46.17.

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.