Northwest Capital Management Inc lowered its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 34,012 shares of the company’s stock after selling 1,068 shares during the quarter. Northwest Capital Management Inc’s holdings in Fidelity Total Bond ETF were worth $1,526,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $25,000. Highline Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter worth $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter valued at $54,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity Total Bond ETF in the third quarter valued at $87,000. Finally, Financial Management Professionals Inc. raised its stake in shares of Fidelity Total Bond ETF by 323.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 2,330 shares of the company’s stock worth $109,000 after buying an additional 1,780 shares during the last quarter.
Fidelity Total Bond ETF Trading Up 0.4 %
Shares of NYSEARCA FBND opened at $45.45 on Monday. The company’s 50-day moving average price is $45.04 and its 200 day moving average price is $45.78. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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