Steph & Co. Has $10.73 Million Stock Holdings in Fidelity Total Bond ETF $FBND

Steph & Co. cut its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 235,154 shares of the company’s stock after selling 35,227 shares during the quarter. Fidelity Total Bond ETF makes up approximately 3.1% of Steph & Co.’s holdings, making the stock its 6th biggest holding. Steph & Co.’s holdings in Fidelity Total Bond ETF were worth $10,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares during the last quarter. Betterment LLC boosted its position in Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after buying an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $49,000. Graney & King LLC grew its stake in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after buying an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.54 on Wednesday. The company has a fifty day moving average of $45.59 and a 200-day moving average of $45.93. The company has a market capitalization of $25.52 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86.

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.