Corient Private Wealth LLC Sells 61,102 Shares of Fidelity Total Bond ETF $FBND

Corient Private Wealth LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 893,752 shares of the company’s stock after selling 61,102 shares during the period. Corient Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $41,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth $25,000. Rialto Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $32,000. Clearstead Advisors LLC bought a new stake in Fidelity Total Bond ETF during the third quarter worth about $36,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $37,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.61 on Monday. The firm has a market capitalization of $25.56 billion, a PE ratio of 8.94 and a beta of 0.27. The business’s 50-day moving average price is $45.60 and its 200-day moving average price is $45.95. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86.

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.