Soltis Investment Advisors LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 79.8% during the fourth quarter, Holdings Channel reports. The firm owned 14,088 shares of the company’s stock after selling 55,672 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $649,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth $36,000. First Command Advisory Services Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth $47,000. Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $49,000. Finally, Fifth Third Bancorp raised its holdings in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the period.
Fidelity Total Bond ETF Stock Performance
Shares of NYSEARCA:FBND opened at $45.19 on Tuesday. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.73 and a 1-year high of $46.86. The company’s fifty day moving average is $45.76 and its two-hundred day moving average is $46.10.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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