Vestmark Advisory Solutions Inc. Reduces Stock Holdings in Fidelity Total Bond ETF $FBND

Vestmark Advisory Solutions Inc. lowered its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,313 shares of the company’s stock after selling 70,227 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.09% of Fidelity Total Bond ETF worth $22,390,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FBND. Cerity Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares during the period. Betterment LLC grew its holdings in shares of Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $49,000. Graney & King LLC grew its holdings in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of FBND opened at $45.34 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86. The firm has a 50-day moving average price of $45.70 and a 200 day moving average price of $46.08. The firm has a market capitalization of $25.40 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.