Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Kickstand Ventures LLC.

Kickstand Ventures LLC. trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,403 shares of the company’s stock after selling 6,744 shares during the period. Fidelity Total Bond ETF accounts for 3.4% of Kickstand Ventures LLC.’s holdings, making the stock its 7th largest position. Kickstand Ventures LLC. owned 0.15% of Fidelity Total Bond ETF worth $13,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FBND. Crane Advisory LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $50,363,000. Thrivent Financial for Lutherans raised its position in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after buying an additional 992,739 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its position in Fidelity Total Bond ETF by 256.5% during the third quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock valued at $63,354,000 after purchasing an additional 975,262 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $40,718,000. Finally, Sax Wealth Advisors LLC raised its position in Fidelity Total Bond ETF by 94.0% during the fourth quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock valued at $62,577,000 after purchasing an additional 675,795 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $44.90 on Thursday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company has a market cap of $8.96 billion, a P/E ratio of 8.85 and a beta of 0.19. The firm has a 50 day simple moving average of $45.14 and a two-hundred day simple moving average of $45.82.

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.