Presidio Capital Management LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 489,943 shares of the company’s stock after selling 42,307 shares during the period. Fidelity Total Bond ETF makes up about 14.6% of Presidio Capital Management LLC’s holdings, making the stock its 2nd largest holding. Presidio Capital Management LLC owned 0.25% of Fidelity Total Bond ETF worth $22,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth $32,000. Highline Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $47,000. Strategic Financial Concepts LLC bought a new stake in Fidelity Total Bond ETF during the second quarter valued at $49,000. Finally, Bell Investment Advisors Inc purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $55,000.
Fidelity Total Bond ETF Stock Up 0.7 %
Shares of NYSEARCA FBND opened at $45.61 on Friday. The stock’s 50-day simple moving average is $46.36 and its two-hundred day simple moving average is $45.69. Fidelity Total Bond ETF has a twelve month low of $43.34 and a twelve month high of $47.30. The firm has a market capitalization of $9.10 billion, a P/E 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.
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