Blue Chip Partners LLC Decreases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Blue Chip Partners LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,098,130 shares of the company’s stock after selling 55,647 shares during the period. Fidelity Total Bond ETF comprises approximately 10.1% of Blue Chip Partners LLC’s holdings, making the stock its largest holding. Blue Chip Partners LLC’s holdings in Fidelity Total Bond ETF were worth $96,598,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Fidelity Total Bond ETF by 2,874.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after buying an additional 2,906,069 shares in the last quarter. Legacy Wealth Management Inc acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $120,780,000. UBS Group AG lifted its stake in shares of Fidelity Total Bond ETF by 9.8% in the 3rd quarter. UBS Group AG now owns 2,421,460 shares of the company’s stock valued at $105,479,000 after purchasing an additional 216,582 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 12.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,189,941 shares of the company’s stock valued at $100,825,000 after purchasing an additional 237,581 shares during the period. Finally, Kowal Investment Group LLC lifted its stake in shares of Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Kowal Investment Group LLC now owns 2,094,466 shares of the company’s stock valued at $91,235,000 after purchasing an additional 96,804 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock traded up $0.14 during trading hours on Friday, reaching $44.09. The company had a trading volume of 827,280 shares, compared to its average volume of 1,307,102. The company has a 50 day moving average of $44.95 and a 200 day moving average of $44.82. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.34.

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.