65,942 Fidelity Total Bond ETF $FBND Shares Sold by Williams & Novak Wealth Management LLC

Williams & Novak Wealth Management LLC trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 136,610 shares of the company’s stock after selling 65,942 shares during the quarter. Fidelity Total Bond ETF comprises about 3.5% of Williams & Novak Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Williams & Novak Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $5,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Steph & Co. boosted its stake in Fidelity Total Bond ETF by 27.3% in the 3rd quarter. Steph & Co. now owns 316,767 shares of the company’s stock worth $13,716,000 after purchasing an additional 67,854 shares in the last quarter. Capital Wealth Management LLC raised its position in Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after acquiring an additional 53,398 shares in the last quarter. Barry Investment Advisors LLC boosted its position in Fidelity Total Bond ETF by 22.6% in the 1st quarter. Barry Investment Advisors LLC now owns 128,125 shares of the company’s stock worth $5,868,000 after purchasing an additional 23,595 shares in the last quarter. Waterway Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 2,335.5% during the 1st quarter. Waterway Wealth Management LLC now owns 184,513 shares of the company’s stock worth $8,417,000 after purchasing an additional 176,937 shares during the period. Finally, Gainline Financial Partners LLC purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $17,448,000.

Fidelity Total Bond ETF Price Performance

FBND opened at $43.45 on Friday. The firm has a fifty day moving average price of $44.41 and a 200 day moving average price of $45.12. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The stock has a market cap of $28.01 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.