Ameritas Advisory Services LLC Reduces Holdings in Fidelity Total Bond ETF $FBND

Ameritas Advisory Services LLC trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 847,140 shares of the company’s stock after selling 215,994 shares during the quarter. Fidelity Total Bond ETF accounts for about 2.0% of Ameritas Advisory Services LLC’s holdings, making the stock its 7th largest position. Ameritas Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $38,757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Investment Planning Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF by 115.7% during the 2nd quarter. Investment Planning Advisors Inc. now owns 482,517 shares of the company’s stock valued at $22,075,000 after purchasing an additional 258,834 shares during the period. Triad Wealth Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 10.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 407,431 shares of the company’s stock valued at $18,640,000 after purchasing an additional 39,557 shares during the period. Vicus Capital raised its stake in shares of Fidelity Total Bond ETF by 2.6% during the 2nd quarter. Vicus Capital now owns 685,273 shares of the company’s stock valued at $31,351,000 after purchasing an additional 17,452 shares during the period. Dogwood Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 5.7% during the 2nd quarter. Dogwood Wealth Management LLC now owns 301,732 shares of the company’s stock valued at $13,702,000 after purchasing an additional 16,218 shares during the period. Finally, PFG Investments LLC raised its stake in shares of Fidelity Total Bond ETF by 9.4% during the 2nd quarter. PFG Investments LLC now owns 10,041 shares of the company’s stock valued at $459,000 after purchasing an additional 859 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

Fidelity Total Bond ETF stock opened at $46.41 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.75. The business has a 50-day simple moving average of $46.07 and a 200 day simple moving average of $45.59. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

About Fidelity Total Bond ETF

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.