Fidelity Total Bond ETF $FBND Shares Sold by Williams & Novak LLC

Williams & Novak LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.1% during the second quarter, Holdings Channel reports. The institutional investor owned 202,552 shares of the company’s stock after selling 33,375 shares during the period. Fidelity Total Bond ETF makes up 6.1% of Williams & Novak LLC’s portfolio, making the stock its 2nd biggest holding. Williams & Novak LLC’s holdings in Fidelity Total Bond ETF were worth $9,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FBND. Morgan Stanley increased its position in Fidelity Total Bond ETF by 16.2% during the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after buying an additional 3,390,440 shares during the period. Align Financial LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $141,726,000. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock worth $398,264,000 after buying an additional 1,993,799 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.00 on Friday. The business has a 50-day moving average of $45.31 and a two-hundred day moving average of $45.70. The firm has a market capitalization of $27.26 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86.

Fidelity Total Bond ETF 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.