Cedar Point Capital Partners LLC Has $948,000 Holdings in Fidelity Total Bond ETF $FBND

Cedar Point Capital Partners LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,713 shares of the company’s stock after selling 13,487 shares during the quarter. Cedar Point Capital Partners LLC’s holdings in Fidelity Total Bond ETF were worth $948,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Total Bond ETF by 10.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after acquiring an additional 7,778,802 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Fidelity Total Bond ETF by 42.2% in the 1st quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock worth $467,086,000 after purchasing an additional 3,037,583 shares during the last quarter. Dynasty Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 103.0% during the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after purchasing an additional 3,029,917 shares during the period. Quotient Wealth Partners LLC grew its holdings in Fidelity Total Bond ETF by 202.9% during the first quarter. Quotient Wealth Partners LLC now owns 3,181,431 shares of the company’s stock valued at $145,232,000 after purchasing an additional 2,131,128 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after purchasing an additional 1,412,766 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

NYSEARCA:FBND opened at $46.85 on Wednesday. The company’s 50 day moving average is $46.36 and its 200-day moving average is $45.73. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The firm has a market cap of $22.28 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.