Fidelity Total Bond ETF $FBND Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,957 shares of the company’s stock after selling 58,602 shares during the quarter. Baird Financial Group Inc. owned about 0.08% of Fidelity Total Bond ETF worth $16,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Fifth Third Bancorp purchased a new position in Fidelity Total Bond ETF during the 2nd quarter worth $27,000. Brown Lisle Cummings Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $38,000. Clarity Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 285.3% during the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock worth $62,000 after acquiring an additional 1,010 shares during the period. Creekmur Asset Management LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $86,000. Finally, Bfsg LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $135,000.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of FBND opened at $46.23 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The stock’s 50 day moving average is $46.45 and its two-hundred day moving average is $45.97. The firm has a market capitalization of $22.09 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF 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.