Baker Avenue Asset Management LP Reduces Stock Position in Fidelity Total Bond ETF $FBND

Baker Avenue Asset Management LP cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,324 shares of the company’s stock after selling 12,130 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Fidelity Total Bond ETF were worth $6,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Cary Street Partners Financial LLC grew its position in Fidelity Total Bond ETF by 21.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 31,396 shares of the company’s stock worth $1,436,000 after purchasing an additional 5,612 shares during the period. Cerity Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after buying an additional 32,071 shares during the last quarter. Victory Financial Group LLC boosted its stake in shares of Fidelity Total Bond ETF by 1.1% in the 2nd quarter. Victory Financial Group LLC now owns 240,015 shares of the company’s stock worth $10,981,000 after buying an additional 2,496 shares during the last quarter. StoneX Group Inc. grew its holdings in shares of Fidelity Total Bond ETF by 491.5% in the second quarter. StoneX Group Inc. now owns 50,973 shares of the company’s stock worth $2,341,000 after acquiring an additional 42,355 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. increased its position in Fidelity Total Bond ETF by 88.1% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 16,322 shares of the company’s stock valued at $747,000 after acquiring an additional 7,645 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.23 on Monday. The company has a market cap of $22.09 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business’s 50-day moving average is $46.45 and its two-hundred day moving average is $45.98. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

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.