Assetmark Inc. Sells 2,392 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Assetmark Inc. lowered its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,208 shares of the company’s stock after selling 2,392 shares during the quarter. Assetmark Inc.’s holdings in Fidelity Total Bond ETF were worth $711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FBND. Country Trust Bank raised its holdings in shares of Fidelity Total Bond ETF by 12.7% during the 2nd quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock worth $267,816,000 after acquiring an additional 672,872 shares in the last quarter. RFG Advisory LLC grew its position in shares of Fidelity Total Bond ETF by 9.6% during the 3rd 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Fidelity Total Bond ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after buying an additional 825,448 shares in the last quarter. Mather Group LLC. grew its position in shares of Fidelity Total Bond ETF by 4,145.0% during the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after buying an additional 3,461,472 shares in the last quarter. Finally, Legacy Wealth Management Inc grew its position in shares of Fidelity Total Bond ETF by 2.2% during the 3rd quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock worth $137,287,000 after buying an additional 62,805 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.0 %

FBND opened at $45.32 on Friday. Fidelity Total Bond ETF has a 12-month low of $43.95 and a 12-month high of $47.30. The business’s fifty day simple moving average is $46.25 and its 200-day simple moving average is $45.73. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.