Fidelity Total Bond ETF $FBND Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 48.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,236 shares of the company’s stock after selling 2,083 shares during the period. Advisors Asset Management Inc.’s holdings in Fidelity Total Bond ETF were worth $102,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FBND. First Pacific Financial acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter worth approximately $25,000. NBC Securities Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter worth approximately $28,000. Tsfg LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter worth approximately $29,000. Sound Income Strategies LLC boosted its position in shares of Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the last quarter. Finally, Iron Horse Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the first quarter valued at approximately $60,000.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of FBND stock opened at $46.51 on Friday. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $47.30. The firm’s 50 day moving average price is $45.81 and its two-hundred day moving average price is $45.52.

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.