Private Advisor Group LLC Reduces Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Private Advisor Group LLC has reduced its stake in the Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.8% during the third quarter of the year. This information comes from their recent Form 13F filing with the Securities and Exchange Commission (SEC). After selling 16,573 shares during this period, the firm now holds 171,126 shares of the ETF. As of the latest SEC filing, Private Advisor Group LLC's ownership represents 0.09% of the ETF, valued at approximately $7,998,000.

In addition to Private Advisor Group LLC, several other institutional investors and hedge funds have made changes to their holdings in Fidelity Total Bond ETF. For example, Northwest Investment Counselors LLC acquired a new position in the ETF during the third quarter worth around $30,000. In the second quarter, Transcendent Capital Group LLC purchased a new stake valued at about $32,000. Additionally, Centerpoint Advisors LLC entered into a new position in the ETF during the first quarter, worth approximately $37,000. Various other firms have also acquired new stakes, including Strategic Financial Concepts LLC and Bell Investment Advisors Inc., with respective purchases valued at $49,000 and $55,000 in the second quarter.

Fidelity Total Bond ETF Current Performance

As of last Friday, shares of NYSEARCA:FBND opened at $45.71. The stock's 50-day moving average stands at $46.54, while its 200-day moving average is at $45.62. Fidelity Total Bond ETF has a market capitalization of $9.12 billion, a price-to-earnings (PE) ratio of 8.85, and a beta of 0.19. In the last twelve months, the ETF has recorded a low of $42.56 and a high of $47.30.

Overview of Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund designed to track the performance of the Bloomberg U.S. Universal Bond Index. This actively managed fund seeks to provide broad market exposure to bonds while utilizing the Barclays US Universal Bond Index for guiding sector allocation and duration exposure. The ETF was launched on October 6, 2014, and is managed by Fidelity Investments.

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Want to follow other hedge fund movements regarding FBND? Keep updated by checking the latest 13F filings and insider trades associated with Fidelity Total Bond ETF (NYSEARCA:FBND).

investment, ETF, Fidelity