Fidelity Total Bond ETF $FBND Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 64,811 shares of the company’s stock after selling 25,757 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,961,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $25,000. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $37,000. Finally, Key Capital Management INC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $49,000.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $44.89 on Wednesday. The company’s fifty day moving average price is $45.28 and its 200 day moving average price is $45.69. Fidelity Total Bond ETF has a 1 year low of $44.65 and a 1 year high of $46.86. The stock has a market capitalization of $27.19 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.