Mascagni Wealth Management Inc. Decreases Stake in Fidelity Total Bond ETF $FBND

Mascagni Wealth Management Inc. decreased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,300 shares of the company’s stock after selling 9,128 shares during the quarter. Fidelity Total Bond ETF makes up approximately 2.5% of Mascagni Wealth Management Inc.’s portfolio, making the stock its 8th biggest position. Mascagni Wealth Management Inc.’s holdings in Fidelity Total Bond ETF were worth $2,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock valued at $232,710,000 after buying an additional 490,739 shares during the period. NTV Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the first quarter valued at $219,000. Stratos Wealth Partners LTD. raised its stake in shares of Fidelity Total Bond ETF by 558.6% during the first quarter. Stratos Wealth Partners LTD. now owns 70,180 shares of the company’s stock valued at $3,204,000 after acquiring an additional 59,524 shares during the last quarter. New Insight Wealth Advisors lifted its holdings in shares of Fidelity Total Bond ETF by 28.9% during the first quarter. New Insight Wealth Advisors now owns 319,824 shares of the company’s stock worth $14,600,000 after purchasing an additional 71,632 shares during the period. Finally, Dogwood Wealth Management LLC raised its position in Fidelity Total Bond ETF by 6.2% during the 1st quarter. Dogwood Wealth Management LLC now owns 285,514 shares of the company’s stock worth $13,092,000 after purchasing an additional 16,788 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of FBND stock opened at $46.20 on Thursday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a 50-day moving average of $46.41 and a 200-day moving average of $45.79.

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.