NewEdge Advisors LLC trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 48.4% during the second quarter, Holdings Channel reports. The firm owned 659,694 shares of the company’s stock after selling 618,937 shares during the period. NewEdge Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $30,009,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FBND. Morgan Stanley boosted its stake in Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Waverly Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 521.8% during the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock worth $174,526,000 after purchasing an additional 3,219,570 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $141,726,000. Finally, JPMorgan Chase & Co. increased its holdings in Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter.
Fidelity Total Bond ETF Stock Down 0.2%
Shares of NYSEARCA FBND opened at $44.56 on Thursday. Fidelity Total Bond ETF has a 12-month low of $44.51 and a 12-month high of $46.86. The firm’s 50-day simple moving average is $45.01 and its 200 day simple moving average is $45.48. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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