Berger Financial Group Inc Grows Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Berger Financial Group Inc raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,901 shares of the company’s stock after buying an additional 761 shares during the period. Berger Financial Group Inc’s holdings in Fidelity Total Bond ETF were worth $1,593,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FBND. Wells Fargo & Company MN lifted its position in shares of Fidelity Total Bond ETF by 80.8% during the fourth quarter. Wells Fargo & Company MN now owns 55,295 shares of the company’s stock valued at $2,481,000 after buying an additional 24,711 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $282,000. Rockefeller Capital Management L.P. lifted its position in shares of Fidelity Total Bond ETF by 8.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 43,479 shares of the company’s stock valued at $1,951,000 after buying an additional 3,480 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $1,110,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $395,300,000.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.79 on Friday. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The firm has a 50-day simple moving average of $45.52 and a two-hundred day simple moving average of $45.39. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $47.30.

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.