Sequoia Financial Advisors LLC Reduces Holdings in Fidelity Total Bond ETF $FBND

Sequoia Financial Advisors LLC trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 59,235 shares of the company’s stock after selling 12,804 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,702,000 at the end of the most recent quarter.

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

Fidelity Total Bond ETF Stock Up 0.2%

Shares of FBND opened at $45.20 on Wednesday. The stock has a market capitalization of $26.85 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The firm has a fifty day simple moving average of $45.46 and a two-hundred day simple moving average of $45.85.

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.