Fidelity Total Bond ETF $FBND Stock: Sowell Financial Services LLC Cuts Stake

Sowell Financial Services LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 85.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,120 shares of the company’s stock after selling 59,416 shares during the period. Sowell Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $37,000. Manning & Napier Advisors LLC purchased a new position in Fidelity Total Bond ETF in the 1st quarter worth $53,000. Sound Income Strategies LLC lifted its stake in shares of Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock valued at $60,000 after acquiring an additional 847 shares during the last quarter. Finally, Mosley Wealth Management bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth approximately $64,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $44.16 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.78. The stock has a market capitalization of $28.47 billion, a PE ratio of 8.94 and a beta of 0.28. The business’s 50-day moving average is $44.07 and its 200 day moving average is $45.26.

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.