Opes Wealth Management LLC Sells 5,860 Shares of Fidelity Total Bond ETF $FBND

Opes Wealth Management LLC cut its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.8% during the 2nd quarter, Holdings Channel reports. The firm owned 199,959 shares of the company’s stock after selling 5,860 shares during the quarter. Fidelity Total Bond ETF comprises 1.6% of Opes Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. Opes Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $9,148,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Total Bond ETF by 10.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after purchasing an additional 7,778,802 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 42.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock worth $467,086,000 after buying an additional 3,037,583 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after buying an additional 177,177 shares during the period. Dynasty Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 103.0% in the 1st quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock valued at $272,546,000 after purchasing an additional 3,029,917 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Fidelity Total Bond ETF by 10.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock valued at $232,710,000 after purchasing an additional 490,739 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

NYSEARCA FBND opened at $46.71 on Friday. The company has a market capitalization of $21.82 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.85. The firm has a 50-day moving average price of $46.30 and a two-hundred day moving average price of $45.69.

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.