Fidelity Total Bond ETF $FBND Stock: XY Planning Network Inc. Lowers Stake

XY Planning Network Inc. lowered its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,754 shares of the company’s stock after selling 20,185 shares during the quarter. XY Planning Network Inc.’s holdings in Fidelity Total Bond ETF were worth $2,284,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FBND. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the 1st quarter valued at about $25,000. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $37,000. Manning & Napier Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $53,000. Finally, Sound Income Strategies LLC increased its position in shares of Fidelity Total Bond ETF by 180.6% during the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after acquiring an additional 847 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

Shares of FBND stock opened at $43.52 on Wednesday. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.86. The firm has a fifty day moving average of $44.35 and a 200-day moving average of $45.08. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.