Sequoia Financial Advisors LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 31.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 40,359 shares of the company’s stock after selling 18,876 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,836,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in FBND. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth about $25,000. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $37,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $37,000.
Fidelity Total Bond ETF Stock Down 0.1%
Shares of NYSEARCA FBND opened at $44.21 on Tuesday. The firm’s 50-day moving average price is $44.93 and its two-hundred day moving average price is $45.43. Fidelity Total Bond ETF has a 52-week low of $44.11 and a 52-week high of $46.86. The stock has a market capitalization of $26.78 billion, a P/E 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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