Kingswood Wealth Advisors LLC Sells 20,543 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kingswood Wealth Advisors LLC lessened its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 115,745 shares of the company’s stock after selling 20,543 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $5,193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Register Financial Advisors LLC increased its stake in Fidelity Total Bond ETF by 5.6% in the fourth quarter. Register Financial Advisors LLC now owns 19,507 shares of the company’s stock valued at $875,000 after acquiring an additional 1,032 shares during the last quarter. Bryant Woods Investment Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $1,499,000. OLIO Financial Planning raised its holdings in shares of Fidelity Total Bond ETF by 584.5% during the 4th quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock valued at $34,365,000 after buying an additional 653,991 shares in the last quarter. KFG Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 94.6% in the fourth quarter. KFG Wealth Management LLC now owns 563,676 shares of the company’s stock worth $25,292,000 after buying an additional 274,051 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 10.0% during the fourth quarter. Merkkuri Wealth Advisors LLC now owns 114,688 shares of the company’s stock valued at $5,146,000 after acquiring an additional 10,384 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.01 on Monday. The company has a market capitalization of $8.98 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company’s 50 day moving average price is $45.26 and its two-hundred day moving average price is $45.84.

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.