RFG Advisory LLC Sells 100,355 Shares of Fidelity Total Bond ETF $FBND

RFG Advisory LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,163,561 shares of the company’s stock after selling 100,355 shares during the period. Fidelity Total Bond ETF accounts for approximately 0.8% of RFG Advisory LLC’s holdings, making the stock its 14th biggest position. RFG Advisory LLC owned about 0.19% of Fidelity Total Bond ETF worth $52,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock worth $4,256,067,000 after acquiring an additional 2,925,667 shares during the period. Morgan Stanley raised its stake in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Bank of America Corp DE raised its stake in Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares during the period. JPMorgan Chase & Co. lifted its holdings in Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock worth $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Fidelity Total Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock worth $432,181,000 after purchasing an additional 1,887,404 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $44.67 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.59 and a 1-year high of $46.86. The business has a 50 day simple moving average of $45.02 and a two-hundred day simple moving average of $45.50. The company has a market capitalization of $27.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.