Traynor Capital Management Inc. cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,615 shares of the company’s stock after selling 1,834 shares during the quarter. Traynor Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at $25,000. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Highline Wealth Partners LLC bought a new stake in Fidelity Total Bond ETF during the third quarter valued at about $47,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $87,000.
Fidelity Total Bond ETF Price Performance
Shares of FBND opened at $44.99 on Thursday. The firm has a market cap of $8.98 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company has a 50 day simple moving average of $45.28 and a two-hundred day simple moving average of $45.85.
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.
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