Family Capital Management Inc. Trims Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Family Capital Management Inc. trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,818 shares of the company’s stock after selling 1,434 shares during the period. Fidelity Total Bond ETF comprises about 1.9% of Family Capital Management Inc.’s investment portfolio, making the stock its 13th largest position. Family Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $3,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FBND. Thrivent Financial for Lutherans raised its position in Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the period. Aptus Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $40,718,000. Sax Wealth Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 94.0% in the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock worth $62,577,000 after acquiring an additional 675,795 shares during the period. Commonwealth Equity Services LLC grew its position in Fidelity Total Bond ETF by 39.2% in the third quarter. Commonwealth Equity Services LLC now owns 2,379,142 shares of the company’s stock valued at $111,201,000 after acquiring an additional 669,838 shares in the last quarter. Finally, OLIO Financial Planning raised its stake in shares of Fidelity Total Bond ETF by 584.5% during the fourth quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock valued at $34,365,000 after purchasing an additional 653,991 shares during the period.

Fidelity Total Bond ETF Trading Up 0.6 %

FBND opened at $45.16 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company has a fifty day simple moving average of $45.12 and a 200 day simple moving average of $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.