Riverbend Wealth Management LLC Sells 3,778 Shares of Fidelity Total Bond ETF $FBND

Riverbend Wealth Management LLC lessened its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.2% in the second quarter, Holdings Channel.com reports. The firm owned 37,423 shares of the company’s stock after selling 3,778 shares during the quarter. Fidelity Total Bond ETF comprises 1.3% of Riverbend Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Riverbend Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $1,712,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. First Pacific Financial bought a new stake in shares of Fidelity Total Bond ETF during the first quarter worth about $25,000. Fifth Third Bancorp bought a new position in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Tsfg LLC acquired a new stake in Fidelity Total Bond ETF during the 1st quarter worth approximately $29,000. Brown Lisle Cummings Inc. bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $38,000. Finally, Iron Horse Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the 1st quarter worth approximately $60,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.76 on Friday. The firm has a 50 day moving average price of $46.20 and a two-hundred day moving average price of $45.65. The stock has a market cap of $21.67 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.82.

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.