RFG Advisory LLC Cuts Holdings in Fidelity Total Bond ETF $FBND

RFG Advisory LLC trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,163,561 shares of the company’s stock after selling 100,355 shares during the quarter. Fidelity Total Bond ETF comprises about 0.8% of RFG Advisory LLC’s investment portfolio, making the stock its 14th biggest position. RFG Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $52,930,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares during the last quarter. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares during the last quarter. JPMorgan Chase & Co. boosted 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 valued at $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Fidelity Total Bond ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $44.67 on Wednesday. The firm has a fifty day moving average price of $45.02 and a 200 day moving average price of $45.50. Fidelity Total Bond ETF has a fifty-two week low of $44.59 and a fifty-two week high of $46.86. The firm has a market cap of $27.06 billion, a PE 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.