Mainsail Financial Group LLC Cuts Position in Fidelity Total Bond ETF $FBND

Mainsail Financial Group LLC cut its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 69.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,941 shares of the company’s stock after selling 45,576 shares during the period. Mainsail Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $907,000 at the end of the most recent quarter.

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

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $44.91 on Thursday. The firm has a market cap of $27.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52 week low of $44.65 and a 52 week high of $46.86. The firm’s 50-day simple moving average is $45.27 and its two-hundred day simple moving average is $45.68.

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.