Redwood Financial Network Corp Sells 1,263 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Redwood Financial Network Corp decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 18.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,503 shares of the company’s stock after selling 1,263 shares during the period. Redwood Financial Network Corp’s holdings in Fidelity Total Bond ETF were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth $25,000. Lindbrook Capital LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth about $36,000. Brown Brothers Harriman & Co. acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $59,000. Finally, Rothschild Investment LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $63,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $44.91 on Thursday. The business has a 50 day moving average price of $45.35 and a 200 day moving average price of $45.34. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The firm has a market cap of $18.10 billion, a P/E ratio of 9.01 and a beta of 0.27.

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.