Pasadena Private Wealth LLC Decreases Stock Position in Fidelity Total Bond ETF $FBND

Pasadena Private Wealth LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 93.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,781 shares of the company’s stock after selling 259,408 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $868,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 4,220.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after buying an additional 1,970,997 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of 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 worth $165,200,000 after buying an additional 1,412,766 shares during the period. Sax Wealth Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 41.4% during the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock valued at $120,997,000 after buying an additional 774,471 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $35,221,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $46.18 on Friday. The business has a fifty day moving average of $46.30 and a 200 day moving average of $46.14. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The firm has a market capitalization of $23.54 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.