Mainsail Financial Group LLC Reduces Holdings in Fidelity Total Bond ETF $FBND

Mainsail Financial Group LLC decreased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 69.6% in the 2nd quarter, Holdings Channel reports. The fund owned 19,941 shares of the company’s stock after selling 45,576 shares during the quarter. Mainsail Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $907,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Fidelity Total Bond ETF in the first quarter worth about $25,000. Community Financial Services Group LLC bought a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $37,000. Finally, Key Capital Management INC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $49,000.

Fidelity Total Bond ETF Trading Up 0.0%

FBND opened at $44.91 on Thursday. The company has a 50 day moving average of $45.27 and a 200 day moving average of $45.68. The company has a market cap of $27.21 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86.

Fidelity Total Bond ETF Company 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.