Fidelity Total Bond ETF $FBND Stock Sold by Capital Wealth Management LLC

Capital Wealth Management LLC cut its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 554,146 shares of the company’s stock after selling 109,482 shares during the quarter. Fidelity Total Bond ETF comprises 5.6% of Capital Wealth Management LLC’s portfolio, making the stock its 9th largest position. Capital Wealth Management LLC owned approximately 0.09% of Fidelity Total Bond ETF worth $23,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Fidelity Total Bond ETF by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after purchasing an additional 587,351 shares during the period. Cetera Investment Advisers grew its stake in Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after buying an additional 930,834 shares during the last quarter. Sax Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 49.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after buying an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND opened at $44.06 on Thursday. The business’s fifty day moving average is $44.12 and its 200-day moving average is $45.29. The firm has a market cap of $28.41 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.84.

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.