Park Avenue Securities LLC Cuts Position in Fidelity Total Bond ETF $FBND

Park Avenue Securities LLC cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,034 shares of the company’s stock after selling 3,525 shares during the quarter. Park Avenue Securities LLC’s holdings in Fidelity Total Bond ETF were worth $871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC grew its stake in Fidelity Total Bond ETF by 2.0% during the 2nd quarter. Sowell Financial Services LLC now owns 94,542 shares of the company’s stock worth $4,325,000 after buying an additional 1,897 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in Fidelity Total Bond ETF by 15.7% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 282,967 shares of the company’s stock worth $12,946,000 after buying an additional 38,464 shares during the last quarter. Quad Cities Investment Group LLC grew its stake in Fidelity Total Bond ETF by 8.3% during the 2nd quarter. Quad Cities Investment Group LLC now owns 104,052 shares of the company’s stock worth $4,760,000 after buying an additional 8,011 shares during the last quarter. Bond & Devick Financial Network Inc. grew its stake in Fidelity Total Bond ETF by 9.0% during the 2nd quarter. Bond & Devick Financial Network Inc. now owns 29,933 shares of the company’s stock worth $1,369,000 after buying an additional 2,483 shares during the last quarter. Finally, Scott Capital Advisors LLC grew its stake in Fidelity Total Bond ETF by 334.7% during the 2nd quarter. Scott Capital Advisors LLC now owns 39,527 shares of the company’s stock worth $1,803,000 after buying an additional 30,434 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $46.28 on Friday. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.95. The stock’s fifty day moving average price is $46.01 and its 200 day moving average price is $45.57.

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.