Steph & Co. Has $9.51 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Steph & Co. cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,934 shares of the company’s stock after selling 31,710 shares during the period. Fidelity Total Bond ETF makes up approximately 3.2% of Steph & Co.’s investment portfolio, making the stock its 7th largest holding. Steph & Co.’s holdings in Fidelity Total Bond ETF were worth $9,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $2,687,000. Axxcess Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 11.2% during the 2nd quarter. Axxcess Wealth Management LLC now owns 46,429 shares of the company’s stock worth $2,086,000 after acquiring an additional 4,664 shares during the last quarter. Lokken Investment Group LLC raised its stake in Fidelity Total Bond ETF by 14.8% in the 2nd quarter. Lokken Investment Group LLC now owns 117,115 shares of the company’s stock valued at $5,262,000 after acquiring an additional 15,099 shares during the period. AE Wealth Management LLC lifted its holdings in Fidelity Total Bond ETF by 4.7% during the 2nd quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after purchasing an additional 459 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Fidelity Total Bond ETF by 18.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,166,291 shares of the company’s stock valued at $52,401,000 after purchasing an additional 185,577 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $44.83 on Thursday. The stock has a market cap of $8.95 billion, a PE ratio of 8.85 and a beta of 0.19. The firm has a 50-day moving average of $45.33 and a 200-day moving average of $45.85. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30.

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.