Fidelity Total Bond ETF $FBND Holdings Trimmed by Intelligence Driven Advisers LLC
by Jessica Moore · The Cerbat GemIntelligence Driven Advisers LLC decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,487 shares of the company’s stock after selling 463 shares during the period. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in FBND. Waverly Advisors LLC lifted its stake in Fidelity Total Bond ETF by 11.3% during the fourth quarter. Waverly Advisors LLC now owns 106,935 shares of the company’s stock valued at $4,798,000 after purchasing an additional 10,891 shares during the last quarter. Novem Group bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $429,000. JT Stratford LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $217,000. Navalign LLC boosted its stake in shares of Fidelity Total Bond ETF by 5.4% during the 4th quarter. Navalign LLC now owns 666,172 shares of the company’s stock worth $29,891,000 after acquiring an additional 33,936 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its stake in shares of Fidelity Total Bond ETF by 69.8% during the 4th quarter. Retirement Planning Group LLC now owns 1,597,812 shares of the company’s stock worth $71,694,000 after acquiring an additional 656,841 shares in the last quarter.
Fidelity Total Bond ETF Stock Up 0.1%
Shares of NYSEARCA FBND opened at $46.63 on Wednesday. The stock’s fifty day simple moving average is $45.86 and its 200 day simple moving average is $45.53. The stock has a market capitalization of $20.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30.
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.
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