Focus Partners Advisor Solutions LLC Sells 169,797 Shares of Fidelity Total Bond ETF $FBND

Focus Partners Advisor Solutions LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 41.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,939 shares of the company’s stock after selling 169,797 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Fidelity Total Bond ETF were worth $10,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FBND. Cerity Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after acquiring an additional 32,071 shares during the period. Betterment LLC raised its stake in shares of Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after purchasing an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at $49,000. Graney & King LLC raised its stake in shares of Fidelity Total Bond ETF by 7.3% in the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of NYSEARCA FBND opened at $45.26 on Tuesday. The business has a fifty day simple moving average of $45.62 and a 200 day simple moving average of $46.00. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.