D.B. Root & Company LLC Sells 779 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

D.B. Root & Company LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,816 shares of the company’s stock after selling 779 shares during the period. D.B. Root & Company LLC’s holdings in Fidelity Total Bond ETF were worth $216,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FBND. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter worth about $30,000. Highline Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at $54,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Fidelity Total Bond ETF in the third quarter valued at about $87,000.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of FBND opened at $44.91 on Friday. The stock has a market cap of $8.96 billion, a PE ratio of 8.85 and a beta of 0.19. The stock has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $45.85. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

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.