Founders Financial Securities LLC Lowers Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Founders Financial Securities LLC decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,815 shares of the company’s stock after selling 52,226 shares during the quarter. Fidelity Total Bond ETF comprises 1.6% of Founders Financial Securities LLC’s holdings, making the stock its 12th largest holding. Founders Financial Securities LLC owned approximately 0.35% of Fidelity Total Bond ETF worth $15,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $11,176,000. Visionary Wealth Advisors increased its holdings in Fidelity Total Bond ETF by 5.2% in the 4th quarter. Visionary Wealth Advisors now owns 86,217 shares of the company’s stock valued at $3,969,000 after purchasing an additional 4,258 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Fidelity Total Bond ETF by 620.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 98,823 shares of the company’s stock worth $4,550,000 after purchasing an additional 85,106 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its position in shares of Fidelity Total Bond ETF by 1.9% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 102,636 shares of the company’s stock worth $4,725,000 after buying an additional 1,909 shares during the period. Finally, Vantage Financial Partners Ltd. Inc. grew its stake in shares of Fidelity Total Bond ETF by 358.1% in the fourth quarter. Vantage Financial Partners Ltd. Inc. now owns 387,205 shares of the company’s stock valued at $17,827,000 after buying an additional 302,672 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.5 %

FBND traded down $0.21 during mid-day trading on Friday, hitting $44.93. 1,122,481 shares of the stock were exchanged, compared to its average volume of 1,244,409. The company has a market cap of $8.97 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s fifty day moving average is $44.87 and its two-hundred day moving average is $45.18. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.21.

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.