Oppenheimer & Co. Inc. Sells 11,755 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Oppenheimer & Co. Inc. lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 276,781 shares of the company’s stock after selling 11,755 shares during the period. Oppenheimer & Co. Inc.’s holdings in Fidelity Total Bond ETF were worth $12,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Fidelity Total Bond ETF by 2.2% during the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after acquiring an additional 267,811 shares during the period. Country Trust Bank increased its stake in Fidelity Total Bond ETF by 0.5% during the 4th quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after acquiring an additional 31,173 shares during the period. JPMorgan Chase & Co. increased its stake in Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares during the period. RFG Advisory LLC increased its stake in shares of Fidelity Total Bond ETF by 6.2% in the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after purchasing an additional 250,764 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Fidelity Total Bond ETF by 3.0% in the 4th quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock valued at $163,862,000 after purchasing an additional 106,953 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.88 on Thursday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The business’s fifty day moving average is $45.06 and its 200-day moving average is $45.77. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.