OLIO Financial Planning Sells 4,103 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

OLIO Financial Planning decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 111,897 shares of the company’s stock after selling 4,103 shares during the period. Fidelity Total Bond ETF accounts for 2.2% of OLIO Financial Planning’s portfolio, making the stock its 11th largest position. OLIO Financial Planning’s holdings in Fidelity Total Bond ETF were worth $5,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FBND. Financial Management Professionals Inc. purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at about $25,000. Pineridge Advisors LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter worth approximately $46,000. PNC Financial Services Group Inc. purchased a new position in Fidelity Total Bond ETF during the 4th quarter worth $58,000. Sound Income Strategies LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $74,000. Finally, Private Trust Co. NA lifted its holdings in shares of Fidelity Total Bond ETF by 51.2% in the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after buying an additional 547 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of FBND traded down $0.08 during midday trading on Thursday, reaching $45.14. 968,957 shares of the stock were exchanged, compared to its average volume of 1,245,409. The company has a market capitalization of $9.01 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.21. The company’s 50 day moving average is $44.85 and its two-hundred day moving average is $45.18.

About Fidelity Total Bond ETF

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.