Legacy Wealth Management LLC Sells 935,539 Shares of Fidelity Total Bond ETF $FBND

Legacy Wealth Management LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,559,893 shares of the company’s stock after selling 935,539 shares during the period. Fidelity Total Bond ETF accounts for about 10.4% of Legacy Wealth Management LLC’s holdings, making the stock its 4th biggest holding. Legacy Wealth Management LLC owned approximately 0.71% of Fidelity Total Bond ETF worth $197,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares during the period. Cetera Investment Advisers boosted its position in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the period. Finally, Modern Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF by 38.3% in the first quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock worth $228,764,000 after buying an additional 1,388,283 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $44.05 on Friday. The firm has a market cap of $28.40 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The stock has a 50-day simple moving average of $44.17 and a 200-day simple moving average of $44.99.

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.