Larson Financial Group LLC Sells 442 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Larson Financial Group LLC cut its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 884 shares of the company’s stock after selling 442 shares during the quarter. Larson Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $41,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cardinal Point Capital Management ULC boosted its position in Fidelity Total Bond ETF by 41.0% during the third quarter. Cardinal Point Capital Management ULC now owns 43,350 shares of the company’s stock worth $1,895,000 after purchasing an additional 12,615 shares during the period. InTrack Investment Management Inc bought a new position in Fidelity Total Bond ETF during the third quarter worth $247,000. Schmidt P J Investment Management Inc. boosted its position in Fidelity Total Bond ETF by 3.5% during the third quarter. Schmidt P J Investment Management Inc. now owns 70,107 shares of the company’s stock worth $2,981,000 after purchasing an additional 2,374 shares during the period. Brookstone Capital Management boosted its position in Fidelity Total Bond ETF by 6.8% during the third quarter. Brookstone Capital Management now owns 452,444 shares of the company’s stock worth $19,238,000 after purchasing an additional 28,763 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Fidelity Total Bond ETF by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 838,708 shares of the company’s stock worth $36,534,000 after purchasing an additional 23,127 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $44.09 on Friday. The firm has a 50-day moving average of $44.95 and a 200-day moving average of $44.81. The stock has a market cap of $8.74 billion, a PE ratio of 8.76 and a beta of 0.15. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.34.

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.