Steph & Co. Lowers Stake in Fidelity Total Bond ETF $FBND

Steph & Co. cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,154 shares of the company’s stock after selling 35,227 shares during the period. Fidelity Total Bond ETF makes up about 3.1% of Steph & Co.’s portfolio, making the stock its 6th biggest holding. Steph & Co.’s holdings in Fidelity Total Bond ETF were worth $10,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Clearstead Advisors LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $36,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $37,000. Finally, Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $49,000.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $45.54 on Wednesday. The company has a 50 day moving average of $45.59 and a 200-day moving average of $45.93. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The company has a market cap of $25.52 billion, a PE ratio of 8.94 and a beta of 0.27.

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.