NewEdge Advisors LLC trimmed its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 659,694 shares of the company’s stock after selling 618,937 shares during the period. NewEdge Advisors LLC owned about 0.11% of Fidelity Total Bond ETF worth $30,009,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at about $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter worth about $32,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $37,000. Finally, Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF during the second quarter valued at about $37,000.
Fidelity Total Bond ETF Trading Down 0.2%
Shares of FBND stock opened at $44.56 on Thursday. Fidelity Total Bond ETF has a 12 month low of $44.51 and a 12 month high of $46.86. The company has a market capitalization of $26.99 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a 50 day moving average of $45.01 and a two-hundred day moving average of $45.48.
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.
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