Savvy Advisors Inc. Lowers Stock Position in Fidelity Total Bond ETF $FBND

Savvy Advisors Inc. lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,899 shares of the company’s stock after selling 1,531 shares during the quarter. Savvy Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $3,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FBND. Family Capital Management Inc. boosted its stake in shares of Fidelity Total Bond ETF by 3.1% during the 2nd quarter. Family Capital Management Inc. now owns 73,066 shares of the company’s stock worth $3,343,000 after acquiring an additional 2,163 shares in the last quarter. Tritonpoint Wealth LLC boosted its stake in shares of Fidelity Total Bond ETF by 2.2% during the 2nd quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after acquiring an additional 1,239 shares in the last quarter. Beacon Capital Management LLC lifted its stake in Fidelity Total Bond ETF by 84.6% in the 2nd quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock valued at $208,000 after buying an additional 2,085 shares in the last quarter. Diversified Trust Co purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $427,000. Finally, Cerity Partners LLC lifted its stake in Fidelity Total Bond ETF by 27.5% in the 1st quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock valued at $366,000 after buying an additional 1,729 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.61 on Thursday. The stock’s 50 day moving average price is $46.37 and its 200 day moving average price is $45.75. The firm has a market cap of $22.17 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86.

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.