Mascoma Wealth Management LLC Sells 16,582 Shares of Fidelity Total Bond ETF $FBND

Mascoma Wealth Management LLC reduced its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,202 shares of the company’s stock after selling 16,582 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 7.2% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Mascoma Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $34,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Total Bond ETF by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after purchasing an additional 2,925,667 shares during the period. Morgan Stanley lifted its position in shares of Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after buying an additional 4,830,198 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after buying an additional 683,930 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 3.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after acquiring an additional 311,221 shares during the period.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of FBND stock traded down $0.03 during trading on Friday, reaching $45.25. 2,903,796 shares of the company’s stock were exchanged, compared to its average volume of 2,808,518. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The firm’s fifty day moving average price is $45.48 and its 200-day moving average price is $45.87. The stock has a market capitalization of $26.51 billion, a PE ratio of 8.94 and a beta of 0.27.

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.