Fidelity Total Bond ETF $FBND Stock: Leelyn Smith LLC Decreases Holdings

Leelyn Smith LLC lowered its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 87.9% during the third quarter, Holdings Channel reports. The institutional investor owned 84,766 shares of the company’s stock after selling 618,125 shares during the quarter. Leelyn Smith LLC’s holdings in Fidelity Total Bond ETF were worth $3,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Community Financial Services Group LLC acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $37,000. Manning & Napier Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at about $53,000. Mosley Wealth Management bought a new stake in Fidelity Total Bond ETF in the third quarter valued at about $64,000. Finally, Archer Investment Corp increased its stake in Fidelity Total Bond ETF by 17.2% in the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after acquiring an additional 325 shares during the period.

Fidelity Total Bond ETF Stock Down 0.1%

NYSEARCA:FBND opened at $44.33 on Friday. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.78. The firm has a market capitalization of $28.58 billion, a PE ratio of 8.94 and a beta of 0.28. The firm has a 50-day moving average price of $44.01 and a 200 day moving average price of $45.23.

About Fidelity Total Bond ETF

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.