Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Position Lessened by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 92,645 shares of the company’s stock after selling 16,867 shares during the period. Sowell Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $4,229,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. NBC Securities Inc. bought a new position in Fidelity Total Bond ETF during the first quarter valued at about $28,000. Lindbrook Capital LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $36,000. Finally, Sound Income Strategies LLC boosted its stake in Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 306 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.4%

Shares of NYSEARCA FBND opened at $45.31 on Monday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 8.94 and a beta of 0.26. The business has a fifty day simple moving average of $45.15 and a 200-day simple moving average of $45.28.

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.