NewEdge Advisors LLC Sells 302,758 Shares of Fidelity Total Bond ETF $FBND

NewEdge Advisors LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 921,641 shares of the company’s stock after selling 302,758 shares during the period. Fidelity Total Bond ETF makes up 0.8% of NewEdge Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. NewEdge Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $42,045,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FBND. Sunburst Financial Group LLC boosted its position in Fidelity Total Bond ETF by 2.6% during the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after acquiring an additional 28,089 shares during the last quarter. Capital Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after purchasing an additional 53,398 shares during the last quarter. OLIO Financial Planning raised its holdings in shares of Fidelity Total Bond ETF by 5.8% in the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after purchasing an additional 53,318 shares during the last quarter. Apollon Financial LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $750,000. Finally, Cornerstone Wealth Group LLC lifted its position in shares of Fidelity Total Bond ETF by 5.8% in the fourth quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock worth $15,204,000 after purchasing an additional 18,123 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.4%

Shares of FBND opened at $44.98 on Thursday. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $45.76.

Fidelity Total Bond ETF 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.