Flagship Harbor Advisors LLC Decreases Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Flagship Harbor Advisors LLC cut its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 38.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 54,178 shares of the company’s stock after selling 34,165 shares during the period. Flagship Harbor Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,431,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at $30,000. Highline Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $87,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.01 on Friday. The business has a 50-day moving average of $45.26 and a two-hundred day moving average of $45.84. The firm has a market capitalization of $8.98 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30.

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.