Fidelity Total Bond ETF $FBND Stock Sold by Shore Point Advisors LLC

Shore Point Advisors LLC cut its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,928 shares of the company’s stock after selling 51,523 shares during the period. Shore Point Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,512,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of America Corp DE increased its position in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after acquiring an additional 587,351 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after acquiring an additional 930,834 shares in the last quarter. Sax Wealth Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after acquiring an additional 2,236,473 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after acquiring an additional 1,609,056 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND traded up $0.01 during midday trading on Wednesday, hitting $43.52. 1,786,697 shares of the stock traded hands, compared to its average volume of 3,151,475. The company has a market cap of $28.06 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86. The business has a 50 day moving average price of $44.35 and a two-hundred day moving average price of $45.08.

Fidelity Total Bond ETF Company 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.