Fidelity Total Bond ETF $FBND Stock Sold by Williams & Novak Wealth Management LLC

Williams & Novak Wealth Management LLC cut its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 136,610 shares of the company’s stock after selling 65,942 shares during the period. Fidelity Total Bond ETF comprises about 3.5% of Williams & Novak Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Williams & Novak Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $5,915,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FBND. Waverly Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 521.8% during the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock worth $174,526,000 after purchasing an additional 3,219,570 shares in the last quarter. Align Financial LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter worth about $141,726,000. Legacy Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after buying an additional 1,995,732 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in Fidelity Total Bond ETF by 32.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after buying an additional 1,609,056 shares in the last quarter. Finally, Modern Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 38.3% during the first quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock valued at $228,764,000 after acquiring an additional 1,388,283 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $43.45 on Friday. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The firm has a market capitalization of $28.01 billion, a PE ratio of 8.94 and a beta of 0.28. The business’s 50 day moving average price is $44.41 and its 200-day moving average price is $45.12.

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.