Family Capital Management Inc. Reduces Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Family Capital Management Inc. reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,252 shares of the company’s stock after selling 1,892 shares during the period. Fidelity Total Bond ETF makes up 2.2% of Family Capital Management Inc.’s holdings, making the stock its 12th biggest position. Family Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $3,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBND. Northwest Investment Counselors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Transcendent Capital Group LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter worth about $32,000. Highline Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF during the third quarter worth about $47,000. Strategic Financial Concepts LLC acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at approximately $54,000.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.44 on Friday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The firm has a market cap of $9.07 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s 50 day moving average price is $46.06 and its 200-day moving average price is $45.77.

Fidelity Total Bond ETF Company 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.