Fidelity Total Bond ETF $FBND Stake Trimmed by Bay Capital Advisors LLC

Bay Capital Advisors LLC cut its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 69.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,045 shares of the company’s stock after selling 13,488 shares during the quarter. Bay Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBND. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $27,000. Caldwell Trust Co acquired a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $34,000. Maryland Capital Advisors Inc. grew its position in Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after purchasing an additional 651 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF during the 2nd quarter worth approximately $38,000. Finally, Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $49,000.

Fidelity Total Bond ETF Stock Down 0.3%

FBND opened at $46.04 on Friday. The firm has a market capitalization of $22.00 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock has a fifty day moving average of $46.36 and a 200-day moving average of $46.11. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month 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.