Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Holdings Trimmed by AFS Financial Group LLC

AFS Financial Group LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 57.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,859 shares of the company’s stock after selling 11,762 shares during the period. Fidelity Total Bond ETF accounts for 35.9% of AFS Financial Group LLC’s portfolio, making the stock its largest position. AFS Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. increased its holdings 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 worth $165,692,000 after purchasing an additional 3,461,472 shares during the last quarter. Summit Financial Strategies Inc. grew its position in shares of Fidelity Total Bond ETF by 4,346.0% in the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after buying an additional 1,266,595 shares during the last quarter. RFG Advisory LLC increased its position in Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after buying an additional 1,093,311 shares in the last quarter. Quotient Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $44,290,000. Finally, Fermata Advisors LLC increased its holdings in Fidelity Total Bond ETF by 771.5% in the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after buying an additional 926,557 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock remained flat at $46.07 on Friday. 2,716,423 shares of the stock traded hands, compared to its average volume of 1,348,133. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.30. The company’s fifty day moving average price is $46.59 and its 200-day moving average price is $45.56. The company has a market capitalization of $9.19 billion, a PE 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.