Burns Matteson Capital Management LLC Sells 4,831 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Burns Matteson Capital Management LLC cut its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 23.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,343 shares of the company’s stock after selling 4,831 shares during the period. Burns Matteson Capital Management LLC’s holdings in Fidelity Total Bond ETF were worth $717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ritholtz Wealth Management increased its position in shares of Fidelity Total Bond ETF by 3.9% during the third quarter. Ritholtz Wealth Management now owns 1,759,933 shares of the company’s stock valued at $82,259,000 after buying an additional 66,507 shares during the period. Perfromance Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth approximately $213,000. Octavia Wealth Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 6.9% in the third quarter. Octavia Wealth Advisors LLC now owns 1,382,073 shares of the company’s stock worth $64,830,000 after purchasing an additional 89,533 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth approximately $10,418,000. Finally, LongView Wealth Management increased its position in shares of Fidelity Total Bond ETF by 38.2% in the third quarter. LongView Wealth Management now owns 144,459 shares of the company’s stock worth $6,752,000 after purchasing an additional 39,935 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock remained flat at $46.07 during trading on Friday. 2,716,423 shares of the company traded hands, compared to its average volume of 1,348,133. The business’s 50 day simple moving average is $46.59 and its 200-day simple moving average is $45.55. The firm has a market cap of $9.19 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30.

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.