Essex Financial Services Inc. Has $5 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Essex Financial Services Inc. lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,350 shares of the company’s stock after selling 5,003 shares during the period. Essex Financial Services Inc.’s holdings in Fidelity Total Bond ETF were worth $4,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. International Private Wealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $850,000. Soltis Investment Advisors LLC raised its holdings in Fidelity Total Bond ETF by 6.5% during the 4th quarter. Soltis Investment Advisors LLC now owns 84,770 shares of the company’s stock worth $3,804,000 after purchasing an additional 5,140 shares during the last quarter. Opal Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 15.7% in the 4th quarter. Opal Wealth Advisors LLC now owns 77,126 shares of the company’s stock worth $3,461,000 after purchasing an additional 10,494 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $421,000. Finally, William Howard & Co Financial Advisors Inc increased its position in shares of Fidelity Total Bond ETF by 86.9% during the fourth quarter. William Howard & Co Financial Advisors Inc now owns 12,964 shares of the company’s stock worth $582,000 after buying an additional 6,029 shares during the period.

Fidelity Total Bond ETF Stock Up 0.0 %

Shares of NYSEARCA FBND opened at $45.20 on Tuesday. The company has a market capitalization of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19. The firm has a fifty day simple moving average of $45.17 and a 200 day simple moving average of $45.82. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30.

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.