Kickstand Ventures LLC. Sells 369,808 Shares of Fidelity Total Bond ETF $FBND

Kickstand Ventures LLC. reduced its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 98.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,985 shares of the company’s stock after selling 369,808 shares during the period. Kickstand Ventures LLC.’s holdings in Fidelity Total Bond ETF were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Total Bond ETF by 3.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after buying an additional 3,390,440 shares during the period. Align Financial LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $141,726,000. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares in the last quarter. Finally, Legacy Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after acquiring an additional 1,995,732 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $44.71 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.59 and a 1-year high of $46.86. The company has a 50-day moving average of $45.08 and a 200 day moving average of $45.54. The firm has a market cap of $27.09 billion, a PE ratio of 8.94 and a beta of 0.27.

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.