Financial Freedom LLC Trims Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Financial Freedom LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,452 shares of the company’s stock after selling 427 shares during the period. Financial Freedom LLC’s holdings in Fidelity Total Bond ETF were worth $110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Mather Group LLC. raised its holdings in Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after buying an additional 3,461,472 shares during the period. Crane Advisory LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at about $50,363,000. Thrivent Financial for Lutherans raised its holdings in Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after buying an additional 992,739 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in Fidelity Total Bond ETF by 256.5% during the third quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares during the period. Finally, Fermata Advisors LLC increased its stake in Fidelity Total Bond ETF by 771.5% during the third quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $44.92 on Monday. The firm has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s 50-day moving average is $45.30 and its two-hundred day moving average is $45.86. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

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.