Sequoia Financial Advisors LLC Sells 12,804 Shares of Fidelity Total Bond ETF $FBND

Sequoia Financial Advisors LLC trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,235 shares of the company’s stock after selling 12,804 shares during the period. Sequoia Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,702,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the first quarter worth approximately $53,000. Waterfront Wealth Inc. raised its stake in shares of Fidelity Total Bond ETF by 1.9% during the first quarter. Waterfront Wealth Inc. now owns 26,833 shares of the company’s stock worth $1,224,000 after acquiring an additional 507 shares in the last quarter. Financial Freedom LLC raised its stake in shares of Fidelity Total Bond ETF by 20.3% during the first quarter. Financial Freedom LLC now owns 33,653 shares of the company’s stock worth $1,535,000 after acquiring an additional 5,690 shares in the last quarter. Pearl Planning LLC bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $16,021,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Total Bond ETF by 7.9% in the 1st quarter. Kestra Advisory Services LLC now owns 3,966,524 shares of the company’s stock worth $180,953,000 after acquiring an additional 292,103 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.20 on Wednesday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company has a fifty day moving average of $45.46 and a 200-day moving average of $45.85.

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.