Fidelity Total Bond ETF $FBND Stock: TD Waterhouse Canada Inc. Trims Stake

TD Waterhouse Canada Inc. trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 30.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,019 shares of the company’s stock after selling 70,611 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Fidelity Total Bond ETF were worth $6,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF in the first quarter valued at about $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Maryland Capital Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter worth about $37,000. Manning & Napier Advisors LLC acquired a new stake in Fidelity Total Bond ETF in the 1st quarter worth about $53,000. Finally, Sound Income Strategies LLC raised its stake in Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after purchasing an additional 847 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.3%

NYSEARCA FBND opened at $43.68 on Tuesday. The company has a market capitalization of $28.16 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.86. The firm has a 50-day moving average price of $44.25 and a two-hundred day moving average price of $45.03.

Fidelity Total Bond ETF Company 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.