Family Capital Management Inc. Sells 52,767 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Family Capital Management Inc. lessened its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.9% in the 4th quarter, HoldingsChannel reports. The fund owned 79,379 shares of the company’s stock after selling 52,767 shares during the period. Fidelity Total Bond ETF accounts for about 2.6% of Family Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. Family Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $3,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FBND. Financial Management Professionals Inc. purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $25,000. NBC Securities Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $27,000. Money Concepts Capital Corp purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $46,000. Retirement Group LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $50,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $74,000.

Fidelity Total Bond ETF Stock Down 0.2 %

Shares of NYSEARCA FBND traded down $0.07 during mid-day trading on Thursday, hitting $44.20. 1,117,032 shares of the company were exchanged, compared to its average volume of 1,309,198. The stock has a 50 day simple moving average of $45.08 and a 200-day simple moving average of $44.77. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.38. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 12.64 and a beta of 0.17.

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.