Hoxton Planning & Management LLC Reduces Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Hoxton Planning & Management LLC reduced its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,762 shares of the company’s stock after selling 504 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Fidelity Total Bond ETF were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. Pineridge Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $46,000. PNC Financial Services Group Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $58,000. Sound Income Strategies LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $74,000. Finally, Private Trust Co. NA boosted its position in shares of Fidelity Total Bond ETF by 51.2% in the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock worth $74,000 after acquiring an additional 547 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.5 %

Shares of FBND traded down $0.23 during mid-day trading on Wednesday, hitting $45.21. The company had a trading volume of 222,209 shares, compared to its average volume of 1,227,600. The business’s 50-day simple moving average is $44.82 and its 200-day simple moving average is $45.18. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.21. The stock has a market cap of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19.

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.