Centerline Wealth Advisors LLC trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 14.8% in the second quarter, Holdings Channel reports. The fund owned 200,540 shares of the company’s stock after selling 34,906 shares during the period. Fidelity Total Bond ETF accounts for about 2.9% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 13th biggest position. Centerline Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $9,123,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new position in Fidelity Total Bond ETF in the 1st quarter valued at $25,000. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $32,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $37,000. Finally, Maryland Capital Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at $37,000.
Fidelity Total Bond ETF Stock Performance
FBND stock opened at $44.67 on Wednesday. Fidelity Total Bond ETF has a one year low of $44.59 and a one year high of $46.86. The stock has a market capitalization of $27.06 billion, a PE ratio of 8.94 and a beta of 0.27. The company has a fifty day moving average of $45.02 and a 200-day moving average of $45.50.
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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