Canvas Wealth Advisors LLC Has $1.25 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Canvas Wealth Advisors LLC lowered its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 54.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,648 shares of the company’s stock after selling 33,397 shares during the period. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,254,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter worth about $30,000. Highline Wealth Partners LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at $87,000.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.19 on Monday. The company has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $45.82. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The stock has a market capitalization 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.