Traynor Capital Management Inc. Reduces Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Traynor Capital Management Inc. reduced its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 63.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,449 shares of the company’s stock after selling 21,497 shares during the period. Traynor Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $582,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Peterson Wealth Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 0.8% in the third quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock worth $1,467,000 after buying an additional 246 shares during the last quarter. Capital CS Group LLC increased its position in shares of Fidelity Total Bond ETF by 5.1% in the 2nd quarter. Capital CS Group LLC now owns 6,027 shares of the company’s stock worth $271,000 after purchasing an additional 294 shares during the last quarter. Regatta Capital Group LLC raised its stake in shares of Fidelity Total Bond ETF by 2.3% in the 3rd quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock valued at $641,000 after purchasing an additional 304 shares in the last quarter. Capital Planning LLC lifted its position in shares of Fidelity Total Bond ETF by 0.9% during the second quarter. Capital Planning LLC now owns 45,501 shares of the company’s stock worth $2,053,000 after purchasing an additional 388 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its stake in Fidelity Total Bond ETF by 7.5% in the first quarter. FinTrust Capital Advisors LLC now owns 5,675 shares of the company’s stock worth $257,000 after purchasing an additional 394 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1 %

Shares of Fidelity Total Bond ETF stock opened at $45.67 on Tuesday. The business has a 50-day moving average price of $46.53 and a 200 day moving average price of $45.64. Fidelity Total Bond ETF has a fifty-two week low of $42.56 and a fifty-two week high of $47.30. The firm has a market cap of $9.11 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.