Keyvantage Wealth LLC Trims Stake in Fidelity Total Bond ETF $FBND

Keyvantage Wealth LLC reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.3% during the second quarter, Holdings Channel.com reports. The fund owned 34,342 shares of the company’s stock after selling 5,717 shares during the quarter. Fidelity Total Bond ETF accounts for 0.7% of Keyvantage Wealth LLC’s investment portfolio, making the stock its 25th largest holding. Keyvantage Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 10.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after purchasing an additional 7,778,802 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 42.2% during the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after purchasing an additional 3,037,583 shares during the last quarter. Sagespring Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 1.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after buying an additional 177,177 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after buying an additional 571,082 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Fidelity Total Bond ETF by 5.9% in the 1st quarter. Raymond James Financial Inc. now owns 4,636,975 shares of the company’s stock worth $211,678,000 after buying an additional 258,955 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.25 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The company has a market capitalization of $22.10 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a fifty day moving average of $46.47 and a 200-day moving average of $45.84.

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.