Private Advisor Group LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,126 shares of the company’s stock after selling 16,573 shares during the quarter. Private Advisor Group LLC’s holdings in Fidelity Total Bond ETF were worth $7,998,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Fidelity Total Bond ETF in the third quarter worth $30,000. Transcendent Capital Group LLC bought a new position in Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at about $37,000. Strategic Financial Concepts LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at about $49,000. Finally, Bell Investment Advisors Inc bought a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at about $55,000.
Fidelity Total Bond ETF Stock Performance
Shares of NYSEARCA FBND opened at $45.71 on Friday. The firm’s 50 day moving average price is $46.54 and its 200-day moving average price is $45.62. Fidelity Total Bond ETF has a 52-week low of $42.56 and a 52-week high of $47.30. The company has a market cap of $9.12 billion, a PE ratio of 8.85 and a beta of 0.19.
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.
Further Reading
- Five stocks we like better than Fidelity Total Bond ETF
- 3 Small Caps With Big Return Potential
- Texas Roadhouse Stock Steering for New Highs This Year
- What Makes a Stock a Good Dividend Stock?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What is the Hang Seng index?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
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).
Receive News & Ratings for Fidelity Total Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Total Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
