Saxon Interests Inc. Decreases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Saxon Interests Inc. trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,465 shares of the company’s stock after selling 2,568 shares during the period. Saxon Interests Inc.’s holdings in Fidelity Total Bond ETF were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. boosted its position in shares of Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after buying an additional 3,461,472 shares in the last quarter. Crane Advisory LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at about $50,363,000. Thrivent Financial for Lutherans grew its position in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its stake in shares of Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares in the last quarter. Finally, Fermata Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.94 on Friday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The stock has a market cap of $8.97 billion, a PE ratio of 8.85 and a beta of 0.19. The business’s fifty day moving average price is $45.31 and its two-hundred day moving average price is $45.84.

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.