D.A. Davidson & CO. Sells 9,749 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

D.A. Davidson & CO. trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,384 shares of the company’s stock after selling 9,749 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity Total Bond ETF were worth $4,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in shares of Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after purchasing an additional 1,188 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 78.3% in the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock valued at $20,923,000 after acquiring an additional 196,783 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after acquiring an additional 520,113 shares in the last quarter. Centerline Wealth Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of Fidelity Total Bond ETF by 3.5% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock valued at $28,452,000 after acquiring an additional 20,500 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.26 on Friday. The business has a 50-day moving average price of $45.05 and a 200 day moving average price of $45.79. The company has a market capitalization of $9.03 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30.

Fidelity Total Bond ETF Company 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.