Leelyn Smith LLC Sells 2,612 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Leelyn Smith LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 55,641 shares of the company’s stock after selling 2,612 shares during the period. Leelyn Smith LLC’s holdings in Fidelity Total Bond ETF were worth $2,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in shares of Fidelity Total Bond ETF by 4,145.0% during the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after acquiring an additional 3,461,472 shares during the last quarter. Summit Financial Strategies Inc. raised its holdings in Fidelity Total Bond ETF by 4,346.0% during the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after purchasing an additional 1,266,595 shares during the last quarter. Crane Advisory LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $50,363,000. Thrivent Financial for Lutherans boosted its stake in shares of Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the last quarter. Finally, Quotient Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $44,290,000.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.44 on Friday. The firm has a 50 day simple moving average of $46.09 and a 200 day simple moving average of $45.77. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The company has a market cap of $9.07 billion, a price-to-earnings 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.