Valley Financial Group Inc. Sells 113,157 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Valley Financial Group Inc. cut its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 80.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,334 shares of the company’s stock after selling 113,157 shares during the period. Fidelity Total Bond ETF comprises about 0.9% of Valley Financial Group Inc.’s investment portfolio, making the stock its 24th largest position. Valley Financial Group Inc.’s holdings in Fidelity Total Bond ETF were worth $1,278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Comerica Bank increased its stake in Fidelity Total Bond ETF by 21.6% in the first quarter. Comerica Bank now owns 39,987 shares of the company’s stock valued at $1,812,000 after acquiring an additional 7,096 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 46.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,418 shares of the company’s stock valued at $195,000 after purchasing an additional 1,405 shares during the period. Dentgroup LLC bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $5,128,000. Insight Wealth Strategies LLC raised its holdings in shares of Fidelity Total Bond ETF by 3.0% in the 2nd quarter. Insight Wealth Strategies LLC now owns 14,897 shares of the company’s stock worth $669,000 after buying an additional 440 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Fidelity Total Bond ETF by 4.6% during the 2nd quarter. Mather Group LLC. now owns 83,510 shares of the company’s stock worth $3,784,000 after buying an additional 3,707 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.91 on Friday. The business’s fifty day moving average price is $45.93 and its two-hundred day moving average price is $45.82. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The stock has a market capitalization of $9.16 billion, a price-to-earnings 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.