CPA Asset Management Group LLC lowered its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 464,415 shares of the company’s stock after selling 44,406 shares during the quarter. Fidelity Total Bond ETF comprises approximately 5.6% of CPA Asset Management Group LLC’s investment portfolio, making the stock its 7th largest position. CPA Asset Management Group LLC’s holdings in Fidelity Total Bond ETF were worth $20,109,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in FBND. Ballast Financial Advisors LLC raised its holdings in Fidelity Total Bond ETF by 10.5% in the 3rd quarter. Ballast Financial Advisors LLC now owns 39,120 shares of the company’s stock worth $1,694,000 after acquiring an additional 3,728 shares during the last quarter. Insight Wealth Partners LLC lifted its position in Fidelity Total Bond ETF by 6.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 208,317 shares of the company’s stock valued at $9,020,000 after acquiring an additional 12,548 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,380 shares of the company’s stock valued at $233,000 after purchasing an additional 283 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Fidelity Total Bond ETF by 10.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 115,653 shares of the company’s stock valued at $5,008,000 after purchasing an additional 10,540 shares during the last quarter. Finally, Holos Integrated Wealth LLC boosted its stake in Fidelity Total Bond ETF by 9.6% during the 3rd quarter. Holos Integrated Wealth LLC now owns 279,327 shares of the company’s stock valued at $12,201,000 after purchasing an additional 24,449 shares during the last quarter.
Fidelity Total Bond ETF Trading Up 0.1%
Fidelity Total Bond ETF stock opened at $44.10 on Tuesday. The firm has a market cap of $28.43 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a fifty day simple moving average of $44.17 and a two-hundred day simple moving average of $45.32. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86.
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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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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