Fidelity Total Bond ETF $FBND Shares Sold by Berger Financial Group Inc

Berger Financial Group Inc reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,264 shares of the company’s stock after selling 637 shares during the period. Berger Financial Group Inc’s holdings in Fidelity Total Bond ETF were worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 10.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after purchasing an additional 7,778,802 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fidelity Total Bond ETF by 42.2% during the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock worth $467,086,000 after acquiring an additional 3,037,583 shares during the last quarter. Dynasty Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 103.0% in the 1st quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after acquiring an additional 3,029,917 shares during the period. Quotient Wealth Partners LLC lifted its position in Fidelity Total Bond ETF by 202.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 3,181,431 shares of the company’s stock valued at $145,232,000 after purchasing an additional 2,131,128 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Fidelity Total Bond ETF by 8,037.4% during the 1st quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock valued at $57,541,000 after purchasing an additional 1,244,998 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2%

NYSEARCA FBND opened at $46.33 on Monday. The company has a 50-day moving average price of $46.08 and a two-hundred day moving average price of $45.60. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.75. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

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.