Trademark Financial Management LLC Lowers Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Trademark Financial Management LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,203 shares of the company’s stock after selling 676 shares during the period. Trademark Financial Management LLC’s holdings in Fidelity Total Bond ETF were worth $323,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FBND. Mark Sheptoff Financial Planning LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in Fidelity Total Bond ETF in the third quarter worth $30,000. Highline Wealth Partners LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Fidelity Total Bond ETF during the third quarter valued at $87,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.32 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The stock has a market cap of $9.04 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s 50-day simple moving average is $45.10 and its two-hundred day simple moving average is $45.81.

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.