AFS Financial Group LLC Has $414,000 Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

AFS Financial Group LLC lessened its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 57.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,859 shares of the company’s stock after selling 11,762 shares during the period. Fidelity Total Bond ETF makes up 35.9% of AFS Financial Group LLC’s holdings, making the stock its largest position. AFS Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $414,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after buying an additional 3,461,472 shares during the period. Summit Financial Strategies Inc. increased its holdings in shares of Fidelity Total Bond ETF by 4,346.0% during the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock worth $58,218,000 after purchasing an additional 1,266,595 shares during the period. RFG Advisory LLC boosted its position in shares of Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock valued at $162,125,000 after acquiring an additional 1,093,311 shares in the last quarter. Quotient Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $44,290,000. Finally, Fermata Advisors LLC boosted its stake in Fidelity Total Bond ETF by 771.5% in the third quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND remained flat at $46.07 during mid-day trading on Friday. 2,716,423 shares of the stock traded hands, compared to its average volume of 1,348,133. The stock has a market capitalization of $9.19 billion, a PE ratio of 8.85 and a beta of 0.19. The company has a 50 day simple moving average of $46.59 and a two-hundred day simple moving average of $45.56. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30.

About Fidelity Total Bond ETF

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.