Fermata Advisors LLC Lowers Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Fermata Advisors LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 964,442 shares of the company’s stock after selling 82,216 shares during the quarter. Fidelity Total Bond ETF accounts for about 8.1% of Fermata Advisors LLC’s investment portfolio, making the stock its largest position. Fermata Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $43,275,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $30,000. Highline Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $87,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $44.93 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s fifty day moving average is $45.31 and its 200 day moving average is $45.84.

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.