Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Kickstand Ventures LLC.

Kickstand Ventures LLC. reduced its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,403 shares of the company’s stock after selling 6,744 shares during the period. Fidelity Total Bond ETF makes up approximately 3.4% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 7th biggest position. Kickstand Ventures LLC.’s holdings in Fidelity Total Bond ETF were worth $13,165,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FBND. Rockefeller Capital Management L.P. increased its holdings in shares of Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after buying an additional 1,188 shares in the last quarter. Marshall Financial Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth $843,000. Arete Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 78.3% during the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after buying an additional 196,783 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares in the last quarter. Finally, Centerline Wealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $15,492,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $44.90 on Thursday. The company has a fifty day moving average of $45.14 and a 200-day moving average of $45.82. The company has a market capitalization of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30.

Fidelity Total Bond ETF 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.