Marshall Financial Group LLC Sells 257 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Marshall Financial Group LLC trimmed its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,560 shares of the company’s stock after selling 257 shares during the period. Marshall Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sagespring Wealth Partners LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter worth about $395,300,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $196,442,000. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 39.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after buying an additional 2,024,839 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $78,895,000. Finally, Dynasty Wealth Management LLC grew its position in Fidelity Total Bond ETF by 142.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after acquiring an additional 1,725,938 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.31 on Friday. The firm has a market capitalization of $18.69 billion, a P/E ratio of 8.94 and a beta of 0.26. The stock has a fifty day moving average price of $45.15 and a two-hundred day moving average price of $45.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30.

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.