Robertson Stephens Wealth Management LLC Sells 2,654 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Robertson Stephens Wealth Management LLC reduced its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 89,610 shares of the company’s stock after selling 2,654 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $4,042,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of Fidelity Total Bond ETF by 17.9% in the 2nd quarter. Bank of Montreal Can now owns 9,217 shares of the company’s stock worth $419,000 after acquiring an additional 1,397 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Fidelity Total Bond ETF during the second quarter valued at $646,000. Park Avenue Securities LLC lifted its position in Fidelity Total Bond ETF by 11.6% during the third quarter. Park Avenue Securities LLC now owns 16,852 shares of the company’s stock valued at $788,000 after purchasing an additional 1,754 shares in the last quarter. Brookstone Capital Management lifted its position in Fidelity Total Bond ETF by 5.6% during the third quarter. Brookstone Capital Management now owns 632,770 shares of the company’s stock valued at $29,576,000 after purchasing an additional 33,769 shares in the last quarter. Finally, Hoxton Planning & Management LLC raised its holdings in Fidelity Total Bond ETF by 3.5% during the third quarter. Hoxton Planning & Management LLC now owns 16,791 shares of the company’s stock valued at $785,000 after acquiring an additional 563 shares during the period.

Fidelity Total Bond ETF Trading Up 0.5 %

FBND opened at $45.39 on Thursday. The firm has a market cap of $9.06 billion, a P/E 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. The stock has a 50-day moving average of $45.20 and a 200 day moving average of $45.83.

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.