Fidelity Total Bond ETF $FBND Stock: Baker Ellis Asset Management LLC Decreases Stake

Baker Ellis Asset Management LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 355,361 shares of the company’s stock after selling 12,938 shares during the quarter. Fidelity Total Bond ETF comprises 1.6% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 17th largest position. Baker Ellis Asset Management LLC owned approximately 0.06% of Fidelity Total Bond ETF worth $15,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBND. ABLE Financial Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 9.0% during the 3rd quarter. ABLE Financial Group LLC now owns 862,676 shares of the company’s stock valued at $37,354,000 after acquiring an additional 71,000 shares during the last quarter. WestHill Financial Advisors Inc. increased its holdings in Fidelity Total Bond ETF by 11.0% during the third quarter. WestHill Financial Advisors Inc. now owns 1,015,500 shares of the company’s stock valued at $43,971,000 after buying an additional 100,518 shares during the last quarter. Lineweaver Wealth Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 3.4% in the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 934,473 shares of the company’s stock worth $40,463,000 after purchasing an additional 30,654 shares in the last quarter. Forvis Mazars Wealth Advisors LLC grew its holdings in Fidelity Total Bond ETF by 1.9% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 3,025,737 shares of the company’s stock valued at $131,015,000 after purchasing an additional 57,010 shares during the period. Finally, 21 West Wealth Management LLC grew its holdings in Fidelity Total Bond ETF by 4.9% during the third quarter. 21 West Wealth Management LLC now owns 82,293 shares of the company’s stock valued at $3,563,000 after purchasing an additional 3,830 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock traded up $0.02 on Wednesday, hitting $43.54. 4,366,311 shares of the stock traded hands, compared to its average volume of 3,165,075. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The firm has a 50 day simple moving average of $44.35 and a two-hundred day simple moving average of $45.08.

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.