Creative Planning Reduces Position in Fidelity Total Bond ETF $FBND

Creative Planning trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 63.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,686,232 shares of the company’s stock after selling 2,971,886 shares during the period. Creative Planning owned 0.40% of Fidelity Total Bond ETF worth $77,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Fifth Third Bancorp acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at about $27,000. Brown Lisle Cummings Inc. purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $38,000. Clarity Asset Management Inc. boosted its position in Fidelity Total Bond ETF by 285.3% in the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after buying an additional 1,010 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $86,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Fidelity Total Bond ETF during the 1st quarter worth approximately $92,000.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of NYSEARCA FBND opened at $46.25 on Friday. The company has a 50 day simple moving average of $46.47 and a two-hundred day simple moving average of $45.84. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86.

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.