RFG Advisory LLC trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 72.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,312,340 shares of the company’s stock after selling 3,439,816 shares during the period. Fidelity Total Bond ETF accounts for 1.4% of RFG Advisory LLC’s portfolio, making the stock its 12th largest holding. RFG Advisory LLC owned 0.31% of Fidelity Total Bond ETF worth $60,040,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of FBND. First Pacific Financial bought a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at $25,000. Fifth Third Bancorp bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $27,000. Tsfg LLC bought a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at $29,000. Sound Income Strategies LLC raised its position in shares of Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $38,000.
Fidelity Total Bond ETF Stock Performance
Shares of NYSEARCA FBND opened at $46.49 on Tuesday. The company has a market cap of $21.54 billion, a P/E ratio of 8.94 and a beta of 0.17. The firm’s fifty day moving average is $46.16 and its two-hundred day moving average is $45.63. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.82.
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.
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