McElhenny Sheffield Capital Management LLC Sells 721 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

McElhenny Sheffield Capital Management LLC lessened its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,873 shares of the company’s stock after selling 721 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Fidelity Total Bond ETF were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FBND. Country Trust Bank grew its stake in shares of Fidelity Total Bond ETF by 12.7% during the second 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 during the last quarter. RFG Advisory LLC grew its position in 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 purchasing an additional 353,138 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in 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 valued at $171,818,000 after purchasing an additional 825,448 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Fidelity Total Bond ETF by 4,145.0% in the third 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 during the last quarter. Finally, Legacy Wealth Management Inc lifted its stake in shares of Fidelity Total Bond ETF by 2.3% during the second quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock worth $129,149,000 after buying an additional 65,956 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $46.14 on Monday. The company’s fifty day moving average price is $46.60 and its 200-day moving average price is $45.60. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $47.30. The firm has a market capitalization of $9.21 billion, a PE ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF Company 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.