Fidelity Total Bond ETF $FBND Stock: ETF Portfolio Partners Inc. Trims Holdings

ETF Portfolio Partners Inc. lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,653 shares of the company’s stock after selling 36,914 shares during the period. Fidelity Total Bond ETF accounts for 3.9% of ETF Portfolio Partners Inc.’s portfolio, making the stock its 9th biggest holding. ETF Portfolio Partners Inc.’s holdings in Fidelity Total Bond ETF were worth $15,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rede Wealth LLC lifted its stake in Fidelity Total Bond ETF by 21.4% during the third quarter. Rede Wealth LLC now owns 110,151 shares of the company’s stock valued at $4,770,000 after purchasing an additional 19,397 shares during the last quarter. BIP Wealth LLC lifted its position in shares of Fidelity Total Bond ETF by 17.9% in the 3rd quarter. BIP Wealth LLC now owns 12,144 shares of the company’s stock valued at $526,000 after acquiring an additional 1,845 shares in the last quarter. OLIO Financial Planning boosted its position in Fidelity Total Bond ETF by 3.9% during the 3rd quarter. OLIO Financial Planning now owns 1,127,218 shares of the company’s stock worth $48,809,000 after acquiring an additional 42,795 shares during the period. CMH Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 17.0% in the third quarter. CMH Wealth Management LLC now owns 245,083 shares of the company’s stock worth $10,653,000 after purchasing an additional 35,556 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in Fidelity Total Bond ETF by 10.4% in the 3rd quarter. Brookstone Capital Management now owns 987,891 shares of the company’s stock valued at $42,776,000 after buying an additional 92,912 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

FBND stock opened at $44.05 on Friday. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.86. The firm has a 50 day moving average of $44.17 and a two-hundred day moving average of $44.99. The company has a market capitalization of $28.40 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.