Intelligence Driven Advisers LLC Reduces Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,987 shares of the company’s stock after selling 1,923 shares during the period. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Regatta Capital Group LLC grew its stake in Fidelity Total Bond ETF by 2.3% in the 3rd quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock valued at $641,000 after buying an additional 304 shares in the last quarter. PFG Advisors boosted its position in shares of Fidelity Total Bond ETF by 21.1% during the 3rd quarter. PFG Advisors now owns 234,979 shares of the company’s stock valued at $10,983,000 after acquiring an additional 40,889 shares during the last quarter. Crane Advisory LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $50,363,000. ERn Financial LLC grew its holdings in shares of Fidelity Total Bond ETF by 11.8% during the 3rd quarter. ERn Financial LLC now owns 22,158 shares of the company’s stock valued at $1,036,000 after purchasing an additional 2,331 shares during the last quarter. Finally, Opal Wealth Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 8.9% during the 3rd quarter. Opal Wealth Advisors LLC now owns 66,632 shares of the company’s stock valued at $3,114,000 after purchasing an additional 5,468 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.5 %

Fidelity Total Bond ETF stock opened at $44.90 on Thursday. The firm has a fifty day simple moving average of $45.14 and a two-hundred 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. The company has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19.

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.