Fidelity Total Bond ETF $FBND Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 553,424 shares of the company’s stock after selling 228,525 shares during the period. Harbour Investments Inc. owned approximately 0.09% of Fidelity Total Bond ETF worth $23,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Community Financial Services Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the 2nd quarter worth about $37,000. Mosley Wealth Management acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth about $64,000. PNC Financial Services Group Inc. lifted its stake in Fidelity Total Bond ETF by 1,098.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,433 shares of the company’s stock worth $111,000 after acquiring an additional 2,230 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 1st quarter valued at about $125,000.

Fidelity Total Bond ETF Trading Down 0.1%

Fidelity Total Bond ETF stock traded down $0.04 during midday trading on Friday, reaching $43.68. 9,278,353 shares of the stock traded hands, compared to its average volume of 3,308,511. The firm has a market cap of $28.16 billion, a PE ratio of 8.94 and a beta of 0.28. The company has a 50-day simple moving average of $43.93 and a two-hundred day simple moving average of $45.17. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.78.

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.