Riverbend Wealth Management LLC Sells 3,778 Shares of Fidelity Total Bond ETF $FBND

Riverbend Wealth Management LLC lowered its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,423 shares of the company’s stock after selling 3,778 shares during the period. Fidelity Total Bond ETF makes up 1.3% of Riverbend Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Riverbend Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $1,712,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBND. PFG Investments LLC lifted its position in shares of Fidelity Total Bond ETF by 3.2% during the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock worth $419,000 after buying an additional 282 shares during the last quarter. Bogart Wealth LLC grew its position in Fidelity Total Bond ETF by 23.3% in the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after acquiring an additional 297 shares during the last quarter. Kraft Davis & Associates LLC raised its stake in Fidelity Total Bond ETF by 2.8% during the first quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock worth $562,000 after acquiring an additional 338 shares in the last quarter. Legacy Solutions LLC lifted its holdings in shares of Fidelity Total Bond ETF by 0.8% in the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock worth $2,247,000 after acquiring an additional 382 shares during the last quarter. Finally, Post Resch Tallon Group Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 2.4% in the second quarter. Post Resch Tallon Group Inc. now owns 22,616 shares of the company’s stock worth $1,035,000 after acquiring an additional 530 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.4%

Shares of Fidelity Total Bond ETF stock opened at $46.76 on Friday. The firm has a market capitalization of $21.67 billion, a PE ratio of 8.94 and a beta of 0.17. The firm’s 50 day moving average is $46.20 and its 200 day moving average is $45.65. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.82.

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.