Intelligence Driven Advisers LLC Trims Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.4% in the third quarter, HoldingsChannel reports. The firm owned 7,910 shares of the company’s stock after selling 1,548 shares during the period. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FBND. Northwest Investment Counselors LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $32,000. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $47,000. Strategic Financial Concepts LLC purchased a new position in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $49,000. Finally, Bell Investment Advisors Inc acquired a new stake in Fidelity Total Bond ETF during the second quarter worth approximately $55,000.

Fidelity Total Bond ETF Price Performance

FBND traded up $0.05 during trading on Thursday, hitting $45.39. The company’s stock had a trading volume of 267,119 shares, compared to its average volume of 1,668,585. Fidelity Total Bond ETF has a twelve month low of $43.76 and a twelve month high of $47.30. The stock has a market cap of $9.06 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s 50 day moving average price is $46.28 and its 200-day moving average price is $45.73.

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.