Sonoma Allocations LLC Has $9.18 Million Stock Position in Fidelity Total Bond ETF $FBND

Sonoma Allocations LLC trimmed its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 31.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 199,712 shares of the company’s stock after selling 90,620 shares during the period. Fidelity Total Bond ETF accounts for about 3.1% of Sonoma Allocations LLC’s holdings, making the stock its 10th largest position. Sonoma Allocations LLC’s holdings in Fidelity Total Bond ETF were worth $9,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Clearstead Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter worth about $36,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $37,000. Finally, Fifth Third Bancorp increased its stake in Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after acquiring an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Up 0.3%

Fidelity Total Bond ETF stock opened at $45.61 on Friday. The business has a 50 day moving average price of $45.61 and a two-hundred day moving average price of $45.95. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.