Berger Financial Group Inc Has $2.11 Million Stock Position in Fidelity Total Bond ETF $FBND

Berger Financial Group Inc raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 33.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,345 shares of the company’s stock after buying an additional 11,497 shares during the quarter. Berger Financial Group Inc’s holdings in Fidelity Total Bond ETF were worth $2,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FBND. Financial Management Network Inc. grew its holdings in Fidelity Total Bond ETF by 20.3% during the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after purchasing an additional 20,803 shares during the period. Sunburst Financial Group LLC raised its stake in Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after buying an additional 28,089 shares during the period. Genesis Private Wealth LLC lifted its position in shares of Fidelity Total Bond ETF by 9.0% in the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock valued at $14,523,000 after buying an additional 26,093 shares during the last quarter. OLIO Financial Planning lifted its position in shares of Fidelity Total Bond ETF by 5.8% in the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after buying an additional 53,318 shares during the last quarter. Finally, Capital Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after buying an additional 53,398 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.47 on Friday. The company has a market capitalization of $26.64 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a 50 day moving average of $45.53 and a 200-day moving average of $45.90.

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.