Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Holdings Trimmed by Shore Point Advisors LLC

Shore Point Advisors LLC lowered its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,276 shares of the company’s stock after selling 1,622 shares during the quarter. Fidelity Total Bond ETF comprises 1.5% of Shore Point Advisors LLC’s portfolio, making the stock its 15th largest position. Shore Point Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,705,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF during the third quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF in the third quarter worth about $30,000. Highline Wealth Partners LLC acquired a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $87,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $44.92 on Monday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The business has a 50 day simple moving average of $45.30 and a 200 day simple moving average of $45.86. The firm has a market capitalization of $8.96 billion, a P/E 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.