Sequoia Financial Advisors LLC Sells 42,159 Shares of Fidelity Total Bond ETF $FBND

Sequoia Financial Advisors LLC reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,309 shares of the company’s stock after selling 42,159 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $4,268,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after buying an additional 4,963,926 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Fidelity Total Bond ETF by 5.4% in the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after acquiring an additional 629,015 shares during the period. Sagespring Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 1.9% in the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after acquiring an additional 177,177 shares during the last quarter. Country Trust Bank increased its position in Fidelity Total Bond ETF by 1.4% during the third quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock worth $290,027,000 after acquiring an additional 86,070 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Fidelity Total Bond ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after acquiring an additional 571,082 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.11 on Tuesday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The firm has a fifty day moving average price of $46.28 and a two-hundred day moving average price of $46.17. The company has a market cap of $23.81 billion, a PE ratio of 8.94 and a beta of 0.28.

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.