CFO4Life Group LLC Reduces Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

CFO4Life Group LLC lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 81.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 27,440 shares of the company’s stock after selling 118,067 shares during the quarter. CFO4Life Group LLC’s holdings in Fidelity Total Bond ETF were worth $1,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $25,000. Centerpoint Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the 1st quarter worth $37,000. Pineridge Advisors LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter worth $46,000. PNC Financial Services Group Inc. purchased a new position in Fidelity Total Bond ETF during the 4th quarter worth $58,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $74,000.

Fidelity Total Bond ETF Stock Up 0.1 %

FBND stock traded up $0.05 during trading on Friday, hitting $45.59. The company had a trading volume of 629,339 shares, compared to its average volume of 1,234,654. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.21. The firm has a 50-day moving average price of $45.03 and a 200-day moving average price of $45.14. The firm has a market cap of $9.10 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.