Capital Wealth Management LLC Sells 109,482 Shares of Fidelity Total Bond ETF $FBND

Capital Wealth Management LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 554,146 shares of the company’s stock after selling 109,482 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 5.6% of Capital Wealth Management LLC’s portfolio, making the stock its 9th biggest position. Capital Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $23,995,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FBND. Waverly Advisors LLC increased its holdings in Fidelity Total Bond ETF by 521.8% during the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock worth $174,526,000 after purchasing an additional 3,219,570 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 49.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after purchasing an additional 2,236,473 shares during the last quarter. Legacy Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares during the period. Modern Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock valued at $228,764,000 after acquiring an additional 1,388,283 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $44.06 on Thursday. The business’s fifty day moving average is $44.12 and its 200 day moving average is $45.29. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.84. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.