Rockland Trust Co. Has $421,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Rockland Trust Co. lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 49.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,369 shares of the company’s stock after selling 9,313 shares during the quarter. Rockland Trust Co.’s holdings in Fidelity Total Bond ETF were worth $421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Dupree Financial Group LLC acquired a new position in shares of Fidelity Total Bond ETF in the second quarter worth $686,000. Onyx Bridge Wealth Group LLC grew its stake in Fidelity Total Bond ETF by 51.5% in the second quarter. Onyx Bridge Wealth Group LLC now owns 126,419 shares of the company’s stock valued at $5,680,000 after purchasing an additional 42,950 shares in the last quarter. Investment Planning Advisors Inc. purchased a new position in Fidelity Total Bond ETF in the second quarter valued at about $9,514,000. Masso Torrence Wealth Management Inc. increased its position in Fidelity Total Bond ETF by 6.5% in the 2nd quarter. Masso Torrence Wealth Management Inc. now owns 117,198 shares of the company’s stock worth $5,266,000 after purchasing an additional 7,112 shares during the last quarter. Finally, LongView Wealth Management raised its stake in shares of Fidelity Total Bond ETF by 4.1% during the 2nd quarter. LongView Wealth Management now owns 104,524 shares of the company’s stock worth $4,696,000 after purchasing an additional 4,164 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND traded down $0.24 during trading hours on Thursday, hitting $46.46. The stock had a trading volume of 836,026 shares, compared to its average volume of 1,262,944. The firm’s 50-day moving average price is $45.65 and its two-hundred day moving average price is $45.18. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.76. The company has a market capitalization of $9.27 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.