Fidelity Total Bond ETF $FBND Stake Decreased by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 85.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,120 shares of the company’s stock after selling 59,416 shares during the period. Sowell Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $438,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FBND. Bright Financial Advisors Inc. increased its position in Fidelity Total Bond ETF by 63.2% during the third quarter. Bright Financial Advisors Inc. now owns 56,987 shares of the company’s stock valued at $2,468,000 after acquiring an additional 22,066 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 3.7% during the 3rd quarter. Mascoma Wealth Management LLC now owns 831,803 shares of the company’s stock worth $36,017,000 after acquiring an additional 29,844 shares during the period. James J. Burns & Company LLC lifted its holdings in Fidelity Total Bond ETF by 18.7% during the third quarter. James J. Burns & Company LLC now owns 8,250 shares of the company’s stock valued at $357,000 after purchasing an additional 1,302 shares in the last quarter. Rede Wealth LLC boosted its holdings in Fidelity Total Bond ETF by 21.4% in the 3rd quarter. Rede Wealth LLC now owns 110,151 shares of the company’s stock worth $4,770,000 after buying an additional 19,397 shares during the period. Finally, BIP Wealth LLC grew its position in shares of Fidelity Total Bond ETF by 17.9% during the third quarter. BIP Wealth LLC now owns 12,144 shares of the company’s stock worth $526,000 after purchasing an additional 1,845 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $44.16 on Tuesday. The stock’s 50-day moving average price is $44.07 and its 200-day moving average price is $45.26. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.78. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.