CMG Global Holdings LLC Reduces Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

CMG Global Holdings LLC decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 375,491 shares of the company’s stock after selling 9,532 shares during the quarter. Fidelity Total Bond ETF comprises approximately 9.4% of CMG Global Holdings LLC’s holdings, making the stock its largest position. CMG Global Holdings LLC’s holdings in Fidelity Total Bond ETF were worth $16,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Wealthcare Capital Management LLC grew its position in 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 buying an additional 231 shares in the last quarter. Peterson Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 0.8% in the 3rd 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 period. Regatta Capital Group LLC lifted its position 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 worth $641,000 after acquiring an additional 304 shares during the period. Galvin Gaustad & Stein LLC grew its holdings in shares of Fidelity Total Bond ETF by 0.8% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock worth $2,175,000 after purchasing an additional 386 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its position in shares of Fidelity Total Bond ETF by 4.4% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 9,734 shares of the company’s stock valued at $437,000 after purchasing an additional 409 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of NYSEARCA FBND opened at $45.08 on Friday. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The business has a fifty day simple moving average of $45.24 and a 200 day simple moving average of $45.84.

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.