Fidelity Total Bond ETF $FBND Position Trimmed by Golden State Equity Partners

Golden State Equity Partners lowered its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,292 shares of the company’s stock after selling 7,444 shares during the period. Fidelity Total Bond ETF makes up about 0.7% of Golden State Equity Partners’ investment portfolio, making the stock its 23rd largest holding. Golden State Equity Partners’ holdings in Fidelity Total Bond ETF were worth $3,903,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Pacific Financial acquired a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth $25,000. NBC Securities Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at $28,000. Tsfg LLC purchased a new position in Fidelity Total Bond ETF in the 1st quarter worth about $29,000. Sound Income Strategies LLC lifted its stake in Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after buying an additional 306 shares in the last quarter. Finally, Iron Horse Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the first quarter worth about $60,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $46.40 on Monday. The company’s 50 day simple moving average is $45.91 and its 200-day simple moving average is $45.55. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.04. The firm has a market capitalization of $20.06 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.