ETF Portfolio Partners Inc. Sells 36,914 Shares of Fidelity Total Bond ETF $FBND

ETF Portfolio Partners Inc. trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,653 shares of the company’s stock after selling 36,914 shares during the period. Fidelity Total Bond ETF makes up about 3.9% of ETF Portfolio Partners Inc.’s holdings, making the stock its 9th biggest position. ETF Portfolio Partners Inc. owned approximately 0.06% of Fidelity Total Bond ETF worth $15,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Waverly Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 521.8% in the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after purchasing an additional 3,219,570 shares in the last quarter. Sax Wealth Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 49.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the last quarter. Legacy Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after acquiring an additional 1,995,732 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 38.3% in the first quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock valued at $228,764,000 after purchasing an additional 1,388,283 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Fidelity Total Bond ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after purchasing an additional 930,834 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

Fidelity Total Bond ETF stock opened at $44.05 on Friday. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The stock has a market cap of $28.40 billion, a PE ratio of 8.94 and a beta of 0.28. The stock has a 50-day moving average price of $44.17 and a 200 day moving average price of $44.99.

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.