Baker Ellis Asset Management LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 355,361 shares of the company’s stock after selling 12,938 shares during the quarter. Fidelity Total Bond ETF makes up about 1.6% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 17th biggest position. Baker Ellis Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $15,387,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Waverly Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 521.8% during the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock worth $174,526,000 after buying an additional 3,219,570 shares in the last quarter. Align Financial LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at approximately $141,726,000. Sax Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after purchasing an additional 2,236,473 shares in the last quarter. Legacy Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after acquiring an additional 1,995,732 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 32.9% during the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after acquiring an additional 1,609,056 shares in the last quarter.
Fidelity Total Bond ETF Trading Up 0.0%
Shares of NYSEARCA FBND traded up $0.02 during midday trading on Wednesday, reaching $43.54. The company had a trading volume of 4,366,311 shares, compared to its average volume of 3,165,075. The stock has a market cap of $28.07 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The business’s 50-day simple moving average is $44.35 and its 200 day simple moving average is $45.08.
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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