BIP Wealth LLC Cuts Holdings in Fidelity Total Bond ETF $FBND

BIP Wealth LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,273 shares of the company’s stock after selling 11,822 shares during the period. BIP Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FBND. Cerity Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after buying an additional 32,071 shares during the last quarter. Betterment LLC increased its holdings in Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after buying an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the 2nd quarter worth about $49,000. Graney & King LLC raised its position in Fidelity Total Bond ETF by 7.3% in the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Fidelity Total Bond ETF by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after acquiring an additional 1,924 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.47 on Friday. The firm’s 50-day moving average price is $45.53 and its 200-day moving average price is $45.90. The company has a market cap of $26.64 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week 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.