Dahring Cusmano LLC Sells 155,035 Shares of Fidelity Total Bond ETF $FBND

Dahring Cusmano LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 65.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,497 shares of the company’s stock after selling 155,035 shares during the period. Fidelity Total Bond ETF accounts for 2.3% of Dahring Cusmano LLC’s portfolio, making the stock its 13th largest position. Dahring Cusmano LLC’s holdings in Fidelity Total Bond ETF were worth $3,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Network Inc. boosted its stake in Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after acquiring an additional 20,803 shares during the last quarter. Sunburst Financial Group LLC raised its position in shares of Fidelity Total Bond ETF by 2.6% during the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after acquiring an additional 28,089 shares during the last quarter. Genesis Private Wealth LLC raised its position in shares of Fidelity Total Bond ETF by 9.0% during the 4th quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock valued at $14,523,000 after acquiring an additional 26,093 shares during the last quarter. OLIO Financial Planning lifted its stake in shares of Fidelity Total Bond ETF by 5.8% in the 4th quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after purchasing an additional 53,318 shares during the period. Finally, Capital Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after purchasing an additional 53,398 shares during the period.

Fidelity Total Bond ETF Stock Down 0.0%

Shares of Fidelity Total Bond ETF stock opened at $45.26 on Friday. The business has a fifty day simple moving average of $45.45 and a 200 day simple moving average of $45.83. The stock has a market cap of $26.88 billion, a PE 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.

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.