Regatta Capital Group LLC Trims Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Regatta Capital Group LLC lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 13,242 shares of the company’s stock after selling 471 shares during the quarter. Regatta Capital Group LLC’s holdings in Fidelity Total Bond ETF were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Fidelity Total Bond ETF by 2.2% in the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after buying an additional 267,811 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares during the period. RFG Advisory LLC boosted its holdings in shares of Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after purchasing an additional 250,764 shares during the last quarter. Mather Group LLC. grew its position in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after purchasing an additional 3,461,472 shares during the period. Finally, Legacy Wealth Management Inc lifted its position in Fidelity Total Bond ETF by 4.9% during the fourth quarter. Legacy Wealth Management Inc now owns 3,080,887 shares of the company’s stock worth $138,239,000 after buying an additional 143,631 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2 %

Shares of NYSEARCA:FBND opened at $45.01 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The stock’s 50-day moving average price is $45.26 and its two-hundred day moving average price is $45.84. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.