Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Position Cut by Spire Wealth Management

Spire Wealth Management trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590,163 shares of the company’s stock after selling 23,118 shares during the quarter. Fidelity Total Bond ETF comprises 0.9% of Spire Wealth Management’s holdings, making the stock its 15th biggest position. Spire Wealth Management owned about 0.62% of Fidelity Total Bond ETF worth $26,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at $229,000. TCG Advisory Services LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $17,223,000. Vestmark Advisory Solutions Inc. lifted its position in Fidelity Total Bond ETF by 175.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 147,521 shares of the company’s stock worth $6,792,000 after buying an additional 93,869 shares in the last quarter. Resolute Wealth Strategies LLC increased its stake in shares of Fidelity Total Bond ETF by 11.8% in the fourth quarter. Resolute Wealth Strategies LLC now owns 242,783 shares of the company’s stock worth $11,178,000 after acquiring an additional 25,582 shares during the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $2,447,000.

Fidelity Total Bond ETF Trading Up 0.5 %

NYSEARCA FBND traded up $0.24 on Friday, reaching $44.64. The stock had a trading volume of 843,651 shares, compared to its average volume of 1,288,065. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $46.34. The business has a 50 day moving average price of $44.87 and a 200 day moving average price of $44.87. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15.

Fidelity Total Bond ETF 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.