EdgeRock Capital LLC Sells 43,860 Shares of Fidelity Total Bond ETF $FBND

EdgeRock Capital LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,096 shares of the company’s stock after selling 43,860 shares during the quarter. Fidelity Total Bond ETF comprises 4.4% of EdgeRock Capital LLC’s investment portfolio, making the stock its 5th largest holding. EdgeRock Capital LLC owned 0.06% of Fidelity Total Bond ETF worth $16,147,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth about $36,000. Tucker Asset Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $37,000. Finally, Fifth Third Bancorp grew its holdings in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1%

FBND opened at $45.54 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The business has a 50 day moving average price of $45.59 and a two-hundred day moving average price of $45.93. The company has a market cap of $25.52 billion, a PE ratio of 8.94 and a beta of 0.27.

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.