Fidelity Total Bond ETF $FBND Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 95.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,493 shares of the company’s stock after selling 180,623 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FBND. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity Total Bond ETF by 7.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after acquiring an additional 587,351 shares during the period. Cetera Investment Advisers increased its stake in Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after purchasing an additional 930,834 shares during the period. Sax Wealth Advisors LLC increased its stake in Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after purchasing an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

Fidelity Total Bond ETF stock opened at $44.16 on Friday. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.78. The firm has a market cap of $28.47 billion, a PE ratio of 8.94 and a beta of 0.28. The company’s 50 day moving average is $44.09 and its two-hundred day moving average is $45.27.

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.