Cooper Financial Group Reduces Position in Fidelity Total Bond ETF $FBND

Cooper Financial Group reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,592 shares of the company’s stock after selling 19,502 shares during the period. Cooper Financial Group’s holdings in Fidelity Total Bond ETF were worth $7,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the first quarter worth $25,000. Tucker Asset Management LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $37,000. Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $49,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $49,000.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of FBND opened at $44.92 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.65 and a 12-month high of $46.86. The firm has a market capitalization of $27.21 billion, a P/E ratio of 8.94 and a beta of 0.27. The firm has a 50-day moving average price of $45.32 and a 200 day moving average price of $45.71.

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.