Intelligence Driven Advisers LLC Trims Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,910 shares of the company’s stock after selling 1,548 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $370,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Main Street Financial Solutions LLC lifted its stake in shares of Fidelity Total Bond ETF by 3.6% in the 3rd quarter. Main Street Financial Solutions LLC now owns 458,530 shares of the company’s stock worth $21,432,000 after acquiring an additional 16,064 shares during the period. Kovack Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $380,000. Souders Financial Advisors lifted its holdings in shares of Fidelity Total Bond ETF by 55.5% in the 3rd quarter. Souders Financial Advisors now owns 319,231 shares of the company’s stock valued at $14,921,000 after buying an additional 113,947 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $40,718,000. Finally, Prime Capital Investment Advisors LLC grew its holdings in Fidelity Total Bond ETF by 14.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 110,030 shares of the company’s stock worth $5,143,000 after acquiring an additional 14,272 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1 %

Shares of NYSEARCA:FBND traded up $0.05 on Thursday, reaching $45.39. 267,119 shares of the company were exchanged, compared to its average volume of 1,668,585. Fidelity Total Bond ETF has a 1-year low of $43.76 and a 1-year high of $47.30. The company has a 50-day moving average of $46.28 and a 200-day moving average of $45.73. The firm has a market cap of $9.06 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.