Williams & Novak LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,552 shares of the company’s stock after selling 33,375 shares during the period. Fidelity Total Bond ETF comprises 6.1% of Williams & Novak LLC’s portfolio, making the stock its 2nd largest holding. Williams & Novak LLC’s holdings in Fidelity Total Bond ETF were worth $9,214,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Apollon Financial LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $750,000. Capital Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after purchasing an additional 53,398 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in Fidelity Total Bond ETF by 5.8% during the 4th quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock valued at $15,204,000 after buying an additional 18,123 shares during the last quarter. Juno Financial Group LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $18,667,000. Finally, Forbes Financial Planning Inc. increased its position in Fidelity Total Bond ETF by 12.4% during the fourth quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock worth $16,655,000 after buying an additional 39,856 shares in the last quarter.
Fidelity Total Bond ETF Stock Up 0.2%
NYSEARCA FBND opened at $45.00 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86. The stock has a market cap of $27.26 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a fifty day moving average of $45.31 and a 200-day moving average of $45.70.
Fidelity Total Bond ETF 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.
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