Avidian Wealth Enterprises LLC Lowers Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Avidian Wealth Enterprises LLC reduced its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,696 shares of the company’s stock after selling 547 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Fidelity Total Bond ETF were worth $4,339,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gladstone Institutional Advisory LLC boosted its holdings in Fidelity Total Bond ETF by 200.4% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 184,887 shares of the company’s stock valued at $8,296,000 after purchasing an additional 123,333 shares during the last quarter. TFB Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 97.8% in the 4th quarter. TFB Advisors LLC now owns 53,295 shares of the company’s stock valued at $2,391,000 after purchasing an additional 26,355 shares in the last quarter. Weatherly Asset Management L. P. boosted its stake in shares of Fidelity Total Bond ETF by 12.1% during the 4th quarter. Weatherly Asset Management L. P. now owns 701,958 shares of the company’s stock valued at $31,646,000 after buying an additional 75,572 shares during the last quarter. International Private Wealth Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $850,000. Finally, Soltis Investment Advisors LLC raised its holdings in Fidelity Total Bond ETF by 6.5% in the fourth quarter. Soltis Investment Advisors LLC now owns 84,770 shares of the company’s stock valued at $3,804,000 after acquiring an additional 5,140 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of FBND opened at $45.11 on Wednesday. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a 50 day moving average of $45.16 and a 200-day moving average of $45.82.

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.