Shore Point Advisors LLC decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 59.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,928 shares of the company’s stock after selling 51,523 shares during the period. Shore Point Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,512,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after buying an additional 587,351 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares in the last quarter. Quotient Wealth Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 32.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after buying an additional 1,609,056 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 49.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the period.
Fidelity Total Bond ETF Stock Performance
Shares of FBND stock traded up $0.01 during trading hours on Wednesday, hitting $43.52. 1,786,697 shares of the company were exchanged, compared to its average volume of 3,151,475. The company has a 50 day simple moving average of $44.35 and a two-hundred day simple moving average of $45.08. The firm has a market cap of $28.06 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $43.11 and a fifty-two week high of $46.86.
Fidelity Total Bond ETF Company 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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