Fidelity Total Bond ETF (NYSEARCA:FBND) Position Trimmed by IAG Wealth Partners LLC

IAG Wealth Partners LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 38.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,438 shares of the company’s stock after selling 1,512 shares during the quarter. IAG Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $114,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. TrueWealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth $4,618,000. Cedar Point Capital Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 10.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 32,096 shares of the company’s stock valued at $1,500,000 after purchasing an additional 3,014 shares during the period. Janney Montgomery Scott LLC increased its stake in Fidelity Total Bond ETF by 0.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 112,907 shares of the company’s stock worth $5,277,000 after purchasing an additional 753 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Fidelity Total Bond ETF by 1,709.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,957 shares of the company’s stock worth $232,000 after buying an additional 4,683 shares during the period. Finally, Weatherly Asset Management L. P. lifted its stake in Fidelity Total Bond ETF by 14.9% during the third quarter. Weatherly Asset Management L. P. now owns 626,386 shares of the company’s stock valued at $29,378,000 after buying an additional 81,090 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.3 %

Shares of FBND traded down $0.14 during midday trading on Friday, hitting $45.37. The stock had a trading volume of 5,498,767 shares, compared to its average volume of 1,629,766. Fidelity Total Bond ETF has a fifty-two week low of $43.28 and a fifty-two week high of $47.30. The business has a 50-day simple moving average of $46.44 and a two-hundred day simple moving average of $45.66. The firm has a market cap of $9.05 billion, a P/E 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.