D.A. Davidson & CO. Cuts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

D.A. Davidson & CO. lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 89,384 shares of the company’s stock after selling 9,749 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity Total Bond ETF were worth $4,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Wealthcare Capital Management LLC grew its stake in shares of Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock worth $356,000 after acquiring an additional 231 shares during the last quarter. Dupree Financial Group LLC grew its stake in shares of Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock worth $677,000 after acquiring an additional 238 shares during the last quarter. Peterson Wealth Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 0.8% during the third quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock worth $1,467,000 after acquiring an additional 246 shares during the last quarter. Tritonpoint Wealth LLC grew its stake in shares of Fidelity Total Bond ETF by 1.7% during the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock worth $844,000 after acquiring an additional 311 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC grew its stake in shares of Fidelity Total Bond ETF by 0.8% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock worth $2,175,000 after acquiring an additional 386 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.26 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 firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock’s 50-day simple moving average is $45.05 and its 200-day simple moving average is $45.79.

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.