Fidelity Total Bond ETF $FBND Stock Position Lowered by Allegheny Financial Group

Allegheny Financial Group lowered its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.1% in the first quarter, Holdings Channel.com reports. The firm owned 18,151 shares of the company’s stock after selling 11,657 shares during the period. Allegheny Financial Group’s holdings in Fidelity Total Bond ETF were worth $828,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. Rialto Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Clearstead Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Finally, Fifth Third Bancorp boosted its stake in shares of Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.61 on Monday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock has a market cap of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27. The company’s fifty day simple moving average is $45.60 and its 200-day simple moving average is $45.95.

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.