Forvis Mazars Wealth Advisors LLC Sells 135,644 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Forvis Mazars Wealth Advisors LLC lowered its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,479,022 shares of the company’s stock after selling 135,644 shares during the quarter. Fidelity Total Bond ETF accounts for 2.7% of Forvis Mazars Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Forvis Mazars Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $113,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth about $25,000. Tsfg LLC acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth about $29,000. NBC Securities Inc. acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth about $28,000. Sound Income Strategies LLC lifted its stake in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares in the last quarter. Finally, Iron Horse Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth about $60,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.75 on Friday. The stock’s 50-day moving average is $45.58 and its two-hundred day moving average is $45.41. The stock has a market cap of $19.78 billion, a PE ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30.

Fidelity Total Bond ETF Company 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.