Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Position Lowered by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 222,298 shares of the company’s stock after selling 6,228 shares during the quarter. Fidelity Total Bond ETF comprises 4.5% of WealthCare Investment Partners LLC’s holdings, making the stock its 3rd largest holding. WealthCare Investment Partners LLC’s holdings in Fidelity Total Bond ETF were worth $10,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Visionary Wealth Advisors grew its holdings in shares of Fidelity Total Bond ETF by 5.2% in the fourth quarter. Visionary Wealth Advisors now owns 86,217 shares of the company’s stock worth $3,969,000 after acquiring an additional 4,258 shares during the period. Red Mountain Financial LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $2,491,000. Brookstone Capital Management boosted its holdings in shares of Fidelity Total Bond ETF by 63.1% during the 1st quarter. Brookstone Capital Management now owns 550,275 shares of the company’s stock valued at $24,933,000 after purchasing an additional 212,869 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc increased its stake in Fidelity Total Bond ETF by 2.4% in the 1st quarter. Sherrill & Hutchins Financial Advisory Inc now owns 745,072 shares of the company’s stock worth $33,759,000 after acquiring an additional 17,317 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Fidelity Total Bond ETF by 31.7% during the second quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after purchasing an additional 383,302 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.20 on Wednesday. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a 50 day moving average price of $46.58 and a 200-day moving average price of $45.54.

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.