Dahring Cusmano LLC Sells 155,035 Shares of Fidelity Total Bond ETF $FBND

Dahring Cusmano LLC lessened its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 65.5% in the 1st quarter, Holdings Channel reports. The firm owned 81,497 shares of the company’s stock after selling 155,035 shares during the period. Fidelity Total Bond ETF accounts for approximately 2.3% of Dahring Cusmano LLC’s investment portfolio, making the stock its 13th biggest holding. Dahring Cusmano LLC’s holdings in Fidelity Total Bond ETF were worth $3,718,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FBND. Financial Management Network Inc. increased its position in shares of Fidelity Total Bond ETF by 20.3% in the 4th quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after buying an additional 20,803 shares in the last quarter. Sunburst Financial Group LLC lifted its holdings in Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after acquiring an additional 28,089 shares in the last quarter. Genesis Private Wealth LLC lifted its holdings in Fidelity Total Bond ETF by 9.0% during the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after acquiring an additional 26,093 shares in the last quarter. OLIO Financial Planning grew its stake in Fidelity Total Bond ETF by 5.8% in the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after acquiring an additional 53,318 shares during the period. Finally, Capital Wealth Management LLC grew its stake in Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after acquiring an additional 53,398 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.26 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The business has a 50-day moving average of $45.45 and a two-hundred day moving average of $45.83. The company has a market capitalization of $26.88 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.