King Wealth Management Group Cuts Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

King Wealth Management Group lowered its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,690 shares of the company’s stock after selling 875 shares during the quarter. King Wealth Management Group’s holdings in Fidelity Total Bond ETF were worth $1,107,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Country Trust Bank lifted its position in shares of Fidelity Total Bond ETF by 12.7% in the 2nd quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock worth $267,816,000 after purchasing an additional 672,872 shares during the period. RFG Advisory LLC raised its holdings in Fidelity Total Bond ETF by 9.6% in the third quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock worth $188,958,000 after buying an additional 353,138 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after purchasing an additional 825,448 shares in the last quarter. Mather Group LLC. raised its stake in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after purchasing an additional 3,461,472 shares during the last quarter. Finally, Legacy Wealth Management Inc boosted its position in shares of Fidelity Total Bond ETF by 2.2% during the third quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock valued at $137,287,000 after buying an additional 62,805 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.34 on Friday. The company has a 50 day simple moving average of $46.28 and a two-hundred day simple moving average of $45.73. The company has a market cap of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $43.76 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.