Family Capital Management Inc. trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 70,818 shares of the company’s stock after selling 1,434 shares during the period. Fidelity Total Bond ETF makes up 1.9% of Family Capital Management Inc.’s investment portfolio, making the stock its 13th largest position. Family Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $3,178,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $30,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $47,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth about $87,000.
Fidelity Total Bond ETF Price Performance
NYSEARCA:FBND opened at $45.16 on Friday. The stock’s 50-day moving average is $45.12 and its two-hundred day moving average is $45.81. 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 $9.01 billion, a PE ratio of 8.85 and a beta of 0.19.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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