CGC Financial Services LLC Cuts Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

CGC Financial Services LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,738 shares of the company’s stock after selling 702 shares during the quarter. CGC Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $25,000. NBC Securities Inc. purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at $28,000. Lindbrook Capital LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter worth $36,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $59,000.

Fidelity Total Bond ETF Trading Down 0.5%

Shares of NYSEARCA:FBND opened at $45.01 on Monday. The company has a 50-day moving average price of $45.18 and a 200-day moving average price of $45.29. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30.

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.