Blue Chip Partners LLC Cuts Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Blue Chip Partners LLC reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,456,424 shares of the company’s stock after selling 40,440 shares during the quarter. Fidelity Total Bond ETF comprises 9.5% of Blue Chip Partners LLC’s investment portfolio, making the stock its largest position. Blue Chip Partners LLC owned approximately 1.23% of Fidelity Total Bond ETF worth $110,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pittenger & Anderson Inc. raised its stake in Fidelity Total Bond ETF by 21.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 31,180 shares of the company’s stock valued at $1,399,000 after buying an additional 5,403 shares during the last quarter. WBH Advisory Inc. raised its stake in Fidelity Total Bond ETF by 9.9% during the fourth quarter. WBH Advisory Inc. now owns 535,162 shares of the company’s stock valued at $24,013,000 after buying an additional 48,408 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Fidelity Total Bond ETF by 18.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 35,356 shares of the company’s stock valued at $1,586,000 after buying an additional 5,420 shares during the last quarter. Opes Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 5.8% during the fourth quarter. Opes Wealth Management LLC now owns 195,401 shares of the company’s stock valued at $8,768,000 after buying an additional 10,670 shares during the last quarter. Finally, Valmark Advisers Inc. raised its stake in Fidelity Total Bond ETF by 27.2% during the fourth quarter. Valmark Advisers Inc. now owns 210,966 shares of the company’s stock valued at $9,466,000 after buying an additional 45,167 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.4 %

Shares of NYSEARCA:FBND opened at $45.32 on Monday. The stock has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $45.81. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30.

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.