Fidelity Total Bond ETF $FBND Shares Sold by Centerline Wealth Advisors LLC

Centerline Wealth Advisors LLC decreased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 200,540 shares of the company’s stock after selling 34,906 shares during the quarter. Fidelity Total Bond ETF makes up about 2.9% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Centerline Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $9,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Morgan Stanley increased its stake in shares of Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Align Financial LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter worth about $141,726,000. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after purchasing an additional 2,374,913 shares during the period. Finally, Legacy Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after buying an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Up 0.3%

NYSEARCA:FBND opened at $45.04 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86. The company has a market capitalization of $27.29 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock’s fifty day moving average is $45.27 and its two-hundred day moving average is $45.67.

About Fidelity Total Bond ETF

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.