Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 8,957 shares of the company’s stock after selling 777 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Fidelity Total Bond ETF were worth $404,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FBND. Tallon Kerry Patrick acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $999,000. Capital & Planning LLC raised its stake in Fidelity Total Bond ETF by 122.1% during the fourth quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock worth $3,048,000 after purchasing an additional 37,149 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Fidelity Total Bond ETF by 18.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 23,154 shares of the company’s stock valued at $1,039,000 after purchasing an additional 3,536 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $4,881,000. Finally, JFS Wealth Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 18.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 35,356 shares of the company’s stock valued at $1,586,000 after buying an additional 5,420 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of FBND opened at $45.23 on Tuesday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The firm has a market capitalization of $18.66 billion, a P/E ratio of 8.94 and a beta of 0.26. The stock’s fifty day simple moving average is $45.16 and its 200 day simple moving average is $45.27.

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.