Fidelity Total Bond ETF $FBND Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 99.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 126,790 shares of the company’s stock after selling 89,390,353 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity Total Bond ETF were worth $5,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EnRich Financial Partners LLC lifted its position in Fidelity Total Bond ETF by 4.0% during the 3rd quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after acquiring an additional 18,362 shares during the period. Financial Management Network Inc. lifted its position in Fidelity Total Bond ETF by 20.3% during the 4th quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after acquiring an additional 20,803 shares during the period. Sunburst Financial Group LLC lifted its position in Fidelity Total Bond ETF by 2.6% during the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after acquiring an additional 28,089 shares during the period. Drake & Associates LLC lifted its position in Fidelity Total Bond ETF by 14.3% during the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after acquiring an additional 104,664 shares during the period. Finally, Coyle Financial Counsel LLC lifted its position in Fidelity Total Bond ETF by 21.8% during the 3rd quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock worth $34,019,000 after acquiring an additional 131,713 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.40 on Friday. The stock has a 50-day moving average of $45.69 and a two-hundred day moving average of $46.07. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The stock has a market cap of $25.44 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.