KMG Fiduciary Partners LLC Sells 231,236 Shares of Fidelity Total Bond ETF $FBND

KMG Fiduciary Partners LLC cut its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 64.1% in the 2nd quarter, Holdings Channel reports. The fund owned 129,238 shares of the company’s stock after selling 231,236 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Fidelity Total Bond ETF were worth $5,879,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth about $25,000. Community Financial Services Group LLC purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $37,000. Finally, Key Capital Management INC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $49,000.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA FBND opened at $44.86 on Tuesday. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1-year low of $44.65 and a 1-year high of $46.86. The stock’s 50-day moving average is $45.30 and its 200 day moving average is $45.69.

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.