Advisors Asset Management Inc. Trims Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Advisors Asset Management Inc. cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,763 shares of the company’s stock after selling 2,146 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fidelity Total Bond ETF were worth $316,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter worth $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $32,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000. Bell Investment Advisors Inc purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $55,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Fidelity Total Bond ETF by 2,468.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,618 shares of the company’s stock worth $73,000 after purchasing an additional 1,555 shares during the period.

Fidelity Total Bond ETF Trading Up 0.3 %

Shares of FBND opened at $45.72 on Friday. The firm has a market cap of $9.12 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The stock’s 50 day moving average is $45.95 and its two-hundred day moving average is $45.80.

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.