CPA Asset Management Group LLC Has $29.69 Million Stock Position in Fidelity Total Bond ETF $FBND

CPA Asset Management Group LLC trimmed its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 650,837 shares of the company’s stock after selling 29,343 shares during the quarter. Fidelity Total Bond ETF makes up 10.0% of CPA Asset Management Group LLC’s holdings, making the stock its largest holding. CPA Asset Management Group LLC owned about 0.12% of Fidelity Total Bond ETF worth $29,691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new stake in Fidelity Total Bond ETF during the first quarter valued at about $25,000. Rialto Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $37,000. Finally, Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $49,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.26 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The company’s 50 day simple moving average is $45.45 and its 200-day simple moving average is $45.83. The firm has a market capitalization of $26.88 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.