Fidelity Total Bond ETF $FBND Position Lowered by Sachetta LLC

Sachetta LLC decreased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,413 shares of the company’s stock after selling 12,514 shares during the quarter. Fidelity Total Bond ETF makes up about 3.3% of Sachetta LLC’s portfolio, making the stock its 5th biggest holding. Sachetta LLC’s holdings in Fidelity Total Bond ETF were worth $8,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBND. First Pacific Financial purchased a new position in Fidelity Total Bond ETF during the first quarter worth about $25,000. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $27,000. Tsfg LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at approximately $29,000. NBC Securities Inc. acquired a new position in Fidelity Total Bond ETF in the first quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC grew its position in Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

FBND stock opened at $46.22 on Tuesday. The business has a fifty day moving average of $46.10 and a two-hundred day moving average of $45.60. The stock has a market cap of $21.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.75.

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.