Spire Wealth Management Cuts Stake in Fidelity Total Bond ETF $FBND

Spire Wealth Management cut its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,223 shares of the company’s stock after selling 72,465 shares during the quarter. Fidelity Total Bond ETF comprises approximately 0.8% of Spire Wealth Management’s portfolio, making the stock its 18th biggest position. Spire Wealth Management owned approximately 0.12% of Fidelity Total Bond ETF worth $23,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of FBND. Fifth Third Bancorp purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at about $27,000. Brown Lisle Cummings Inc. bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth approximately $38,000. Iron Horse Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the first quarter worth approximately $60,000. Clarity Asset Management Inc. grew its holdings in shares of Fidelity Total Bond ETF by 285.3% during the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after buying an additional 1,010 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in shares of Fidelity Total Bond ETF by 23.3% during the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after acquiring an additional 297 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.5%

Shares of NYSEARCA FBND opened at $46.61 on Thursday. The firm has a market cap of $22.17 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The company has a 50 day moving average of $46.37 and a 200 day moving average of $45.75.

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.