Fidelity Total Bond ETF $FBND Stock Holdings Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 664,235 shares of the company’s stock after selling 28,554 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $30,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares during the last quarter. Morgan Stanley increased its stake in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the period. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Fidelity Total Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after acquiring an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3%

Shares of NYSEARCA:FBND opened at $45.04 on Friday. The company has a 50 day moving average of $45.27 and a 200-day moving average of $45.67. The firm has a market cap of $27.29 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86.

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.