Riverpoint Wealth Management Holdings LLC Decreases Stock Holdings in Fidelity Total Bond ETF $FBND

Riverpoint Wealth Management Holdings LLC reduced its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,090 shares of the company’s stock after selling 49,960 shares during the quarter. Fidelity Total Bond ETF comprises about 4.7% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th largest position. Riverpoint Wealth Management Holdings LLC owned about 0.10% of Fidelity Total Bond ETF worth $19,951,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in Fidelity Total Bond ETF by 46.1% in the 2nd quarter. CWM LLC now owns 2,158,750 shares of the company’s stock valued at $98,763,000 after buying an additional 681,527 shares during the period. Transcendent Capital Group LLC boosted its stake in shares of Fidelity Total Bond ETF by 3.8% in the 2nd quarter. Transcendent Capital Group LLC now owns 41,263 shares of the company’s stock valued at $1,888,000 after purchasing an additional 1,514 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 37.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 61,365 shares of the company’s stock valued at $2,807,000 after purchasing an additional 16,851 shares in the last quarter. Wealth Management Resources Inc. boosted its stake in shares of Fidelity Total Bond ETF by 8.6% in the 2nd quarter. Wealth Management Resources Inc. now owns 689,209 shares of the company’s stock valued at $31,531,000 after purchasing an additional 54,727 shares in the last quarter. Finally, Williams & Novak LLC boosted its stake in shares of Fidelity Total Bond ETF by 12.7% in the 2nd quarter. Williams & Novak LLC now owns 284,492 shares of the company’s stock valued at $13,015,000 after purchasing an additional 32,115 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.3%

FBND opened at $46.42 on Monday. The company’s 50 day moving average is $46.15 and its 200-day moving average is $45.62. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.82. The company has a market cap of $21.51 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.