MontVue Capital Management Inc. cut its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,511 shares of the company’s stock after selling 1,716 shares during the quarter. MontVue Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $606,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new stake in Fidelity Total Bond ETF during the third quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $30,000. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $87,000.
Fidelity Total Bond ETF Stock Down 0.5 %
Shares of FBND stock opened at $44.90 on Thursday. The firm has a 50 day moving average of $45.14 and a 200-day moving average of $45.82. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30.
About Fidelity Total Bond ETF
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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