Kuhn & Co Investment Counsel Raises Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Kuhn & Co Investment Counsel raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,667 shares of the company’s stock after purchasing an additional 863 shares during the period. Fidelity Total Bond ETF makes up about 1.2% of Kuhn & Co Investment Counsel’s investment portfolio, making the stock its 23rd largest holding. Kuhn & Co Investment Counsel’s holdings in Fidelity Total Bond ETF were worth $1,421,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Fidelity Total Bond ETF by 2.2% in the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares during the last quarter. Country Trust Bank boosted its stake in shares of Fidelity Total Bond ETF by 0.5% in the 4th quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after buying an additional 31,173 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares during the last quarter. RFG Advisory LLC boosted its stake in shares of Fidelity Total Bond ETF by 6.2% in the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after buying an additional 250,764 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Fidelity Total Bond ETF by 3.0% in the 4th quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock worth $163,862,000 after buying an additional 106,953 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.32 on Friday. The company has a market cap of $9.04 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock’s fifty day moving average price is $45.09 and its 200-day moving average price is $45.81.

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.