Fortitude Advisory Group L.L.C. Sells 399,845 Shares of Fidelity Total Bond ETF $FBND

Fortitude Advisory Group L.L.C. lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 96.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,567 shares of the company’s stock after selling 399,845 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Fidelity Total Bond ETF were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FBND. Dupree Financial Group LLC lifted its stake in Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock worth $651,000 after purchasing an additional 219 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the last quarter. Investment Advisory Group LLC grew its position in shares of Fidelity Total Bond ETF by 0.4% during the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock valued at $3,277,000 after purchasing an additional 303 shares in the last quarter. Keystone Financial Group grew its position in shares of Fidelity Total Bond ETF by 3.1% during the third quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock valued at $477,000 after purchasing an additional 315 shares in the last quarter. Finally, Wealth Quarterback LLC increased its holdings in shares of Fidelity Total Bond ETF by 4.7% in the fourth quarter. Wealth Quarterback LLC now owns 7,130 shares of the company’s stock worth $328,000 after purchasing an additional 317 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.47 on Monday. The company has a market capitalization of $26.64 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The business’s 50-day moving average is $45.53 and its 200 day moving average is $45.90.

Fidelity Total Bond ETF 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.