Riverpoint Wealth Management Holdings LLC Sells 49,960 Shares of Fidelity Total Bond ETF $FBND

Riverpoint Wealth Management Holdings LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,090 shares of the company’s stock after selling 49,960 shares during the period. Fidelity Total Bond ETF comprises approximately 4.7% of Riverpoint Wealth Management Holdings LLC’s portfolio, making the stock its 8th largest position. Riverpoint Wealth Management Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $19,951,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FBND. Dynamic Advisor Solutions LLC boosted its position in Fidelity Total Bond ETF by 3.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,022,826 shares of the company’s stock worth $46,692,000 after buying an additional 31,495 shares during the period. Ritholtz Wealth Management boosted its position in Fidelity Total Bond ETF by 18.5% during the 1st quarter. Ritholtz Wealth Management now owns 2,198,162 shares of the company’s stock worth $100,346,000 after buying an additional 343,156 shares during the period. Scott Capital Advisors LLC boosted its position in Fidelity Total Bond ETF by 5.4% during the 1st quarter. Scott Capital Advisors LLC now owns 9,093 shares of the company’s stock worth $415,000 after buying an additional 467 shares during the period. Sound Income Strategies LLC boosted its position in Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after buying an additional 306 shares during the period. Finally, Fairvoy Private Wealth LLC boosted its position in Fidelity Total Bond ETF by 22.2% during the 1st quarter. Fairvoy Private Wealth LLC now owns 24,397 shares of the company’s stock worth $1,114,000 after buying an additional 4,434 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.42 on Monday. The firm’s 50 day simple moving average is $46.15 and its 200 day simple moving average is $45.62. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.82. The company has a market cap of $21.51 billion, a PE ratio of 8.94 and a beta of 0.17.

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.