Fidelity Total Bond ETF $FBND Shares Sold by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. reduced its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,461 shares of the company’s stock after selling 12,492 shares during the period. Fidelity Total Bond ETF comprises about 1.2% of Lakeshore Capital Group Inc.’s holdings, making the stock its 25th largest holding. Lakeshore Capital Group Inc.’s holdings in Fidelity Total Bond ETF were worth $1,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares during the period. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 5.4% during the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after acquiring an additional 629,015 shares during the period. Sagespring Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 1.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after purchasing an additional 177,177 shares in the last quarter. Country Trust Bank raised its position in Fidelity Total Bond ETF by 3.3% in the 2nd quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock valued at $283,016,000 after purchasing an additional 194,869 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake 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 valued at $259,347,000 after buying an additional 571,082 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.39 on Monday. The business has a 50-day simple moving average of $46.41 and a 200-day simple moving average of $46.10. The company has a market cap of $22.17 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86.

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.