Red Mountain Financial LLC Sells 9,409 Shares of Fidelity Total Bond ETF $FBND

Red Mountain Financial LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.5% during the second quarter, Holdings Channel reports. The firm owned 80,308 shares of the company’s stock after selling 9,409 shares during the quarter. Fidelity Total Bond ETF comprises 4.6% of Red Mountain Financial LLC’s portfolio, making the stock its 6th largest holding. Red Mountain Financial LLC’s holdings in Fidelity Total Bond ETF were worth $3,608,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FBND. First Pacific Financial acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth about $25,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $27,000. NBC Securities Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth about $28,000. Tsfg LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth about $29,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity Total Bond ETF by 63.1% in the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

FBND stock opened at $46.41 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.75. The firm’s 50-day simple moving average is $46.07 and its 200 day simple moving average is $45.59. The stock has a market cap of $21.21 billion, a PE ratio of 8.94 and a beta of 0.17.

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.