King Wealth Management Group Sells 875 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

King Wealth Management Group reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,690 shares of the company’s stock after selling 875 shares during the period. King Wealth Management Group’s holdings in Fidelity Total Bond ETF were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Orion Portfolio Solutions LLC lifted its holdings in shares of Fidelity Total Bond ETF by 88.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 72,475 shares of the company’s stock worth $3,284,000 after acquiring an additional 34,112 shares during the last quarter. Nwam LLC lifted its position in Fidelity Total Bond ETF by 331.6% during the 1st quarter. Nwam LLC now owns 37,031 shares of the company’s stock worth $1,658,000 after acquiring an additional 28,452 shares during the period. Prevail Innovative Wealth Advisors LLC increased its holdings in Fidelity Total Bond ETF by 193.8% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 16,617 shares of the company’s stock worth $753,000 after buying an additional 10,962 shares during the period. Trustmark National Bank Trust Department lifted its position in Fidelity Total Bond ETF by 10.2% during the first quarter. Trustmark National Bank Trust Department now owns 10,289 shares of the company’s stock valued at $466,000 after purchasing an additional 953 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in Fidelity Total Bond ETF in the 1st quarter worth approximately $345,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.34 on Friday. The stock has a market capitalization of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average price is $46.28 and its 200-day moving average price is $45.73. Fidelity Total Bond ETF has a 52 week low of $43.76 and a 52 week high of $47.30.

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.