Dentgroup LLC Has $6.83 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Dentgroup LLC trimmed its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 19.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,639 shares of the company’s stock after selling 37,117 shares during the quarter. Fidelity Total Bond ETF makes up about 5.1% of Dentgroup LLC’s portfolio, making the stock its 4th biggest holding. Dentgroup LLC’s holdings in Fidelity Total Bond ETF were worth $6,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. RDA Financial Network grew its stake in Fidelity Total Bond ETF by 1.5% in the first quarter. RDA Financial Network now owns 88,680 shares of the company’s stock valued at $4,048,000 after purchasing an additional 1,337 shares in the last quarter. LPF Advisors LLC grew its stake in Fidelity Total Bond ETF by 6.4% in the first quarter. LPF Advisors LLC now owns 268,452 shares of the company’s stock valued at $12,255,000 after purchasing an additional 16,250 shares in the last quarter. OLIO Financial Planning grew its stake in Fidelity Total Bond ETF by 11.5% in the first quarter. OLIO Financial Planning now owns 854,166 shares of the company’s stock valued at $38,993,000 after purchasing an additional 88,278 shares in the last quarter. KFG Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 5.6% in the first quarter. KFG Wealth Management LLC now owns 595,410 shares of the company’s stock valued at $27,180,000 after purchasing an additional 31,734 shares in the last quarter. Finally, Tower Wealth Partners Inc. grew its stake in Fidelity Total Bond ETF by 1.3% in the first quarter. Tower Wealth Partners Inc. now owns 67,559 shares of the company’s stock valued at $3,084,000 after purchasing an additional 852 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.5%

FBND stock opened at $45.01 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The business has a 50 day moving average price of $45.18 and a two-hundred day moving average price of $45.29. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.