Thrivent Financial for Lutherans Has $99.43 Million Position in Fidelity Total Bond ETF $FBND

Thrivent Financial for Lutherans decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,173,311 shares of the company’s stock after selling 501,732 shares during the period. Thrivent Financial for Lutherans owned about 0.50% of Fidelity Total Bond ETF worth $99,429,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Silverlake Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $5,364,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the second quarter valued at $5,117,000. Advisory Services Network LLC lifted its holdings in shares of Fidelity Total Bond ETF by 12.9% during the second quarter. Advisory Services Network LLC now owns 164,827 shares of the company’s stock valued at $7,505,000 after acquiring an additional 18,823 shares during the period. Kestra Investment Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Kestra Investment Management LLC now owns 423,510 shares of the company’s stock valued at $19,376,000 after purchasing an additional 24,489 shares in the last quarter. Finally, High Falls Advisors Inc bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $278,000.

Fidelity Total Bond ETF Stock Down 0.3%

Shares of FBND stock opened at $46.15 on Friday. The company has a market capitalization of $22.05 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The firm has a 50-day moving average price of $46.44 and a 200 day moving average price of $46.01.

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.