Financial Advocates Investment Management Has $768,000 Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Financial Advocates Investment Management lowered its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 19.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,421 shares of the company’s stock after selling 3,937 shares during the period. Financial Advocates Investment Management’s holdings in Fidelity Total Bond ETF were worth $768,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF during the 1st quarter valued at $37,000. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $47,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $55,000.

Fidelity Total Bond ETF Stock Down 0.3 %

Fidelity Total Bond ETF stock opened at $45.37 on Friday. Fidelity Total Bond ETF has a 12-month low of $43.28 and a 12-month high of $47.30. The firm’s fifty day moving average is $46.44 and its 200 day moving average is $45.65. The company has a market capitalization of $9.05 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.