Split Rock Private Trading & Wealth Management LLC trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 44.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,561 shares of the company’s stock after selling 58,255 shares during the period. Fidelity Total Bond ETF comprises about 2.1% of Split Rock Private Trading & Wealth Management LLC’s holdings, making the stock its 11th biggest holding. Split Rock Private Trading & Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of FBND. Centerline Wealth Advisors LLC lifted its stake in Fidelity Total Bond ETF by 30.0% during the third quarter. Centerline Wealth Advisors LLC now owns 260,669 shares of the company’s stock valued at $11,287,000 after buying an additional 60,129 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Fidelity Total Bond ETF by 7.0% in the third quarter. Fortitude Advisory Group L.L.C. now owns 14,312 shares of the company’s stock worth $620,000 after buying an additional 935 shares during the period. RDA Financial Network increased its position in shares of Fidelity Total Bond ETF by 0.8% in the third quarter. RDA Financial Network now owns 129,794 shares of the company’s stock worth $5,620,000 after acquiring an additional 1,005 shares in the last quarter. KG Capital Management increased its position in shares of Fidelity Total Bond ETF by 3.5% in the third quarter. KG Capital Management now owns 94,948 shares of the company’s stock worth $4,111,000 after acquiring an additional 3,231 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its position in shares of Fidelity Total Bond ETF by 118.7% in the third quarter. Triangle Securities Wealth Management now owns 247,442 shares of the company’s stock worth $10,714,000 after acquiring an additional 134,274 shares in the last quarter.
Fidelity Total Bond ETF Stock Performance
Shares of NYSEARCA:FBND opened at $43.83 on Friday. The firm has a 50 day simple moving average of $44.30 and a 200 day simple moving average of $45.06. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The company has a market cap of $28.26 billion, a PE ratio of 8.94 and a beta of 0.28.
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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