Sequoia Financial Advisors LLC Sells 318,786 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Sequoia Financial Advisors LLC decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 55.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,228 shares of the company’s stock after selling 318,786 shares during the period. Sequoia Financial Advisors LLC owned 0.13% of Fidelity Total Bond ETF worth $11,742,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Capital CS Group LLC lifted its stake in Fidelity Total Bond ETF by 5.1% in the second quarter. Capital CS Group LLC now owns 6,027 shares of the company’s stock worth $271,000 after purchasing an additional 294 shares during the last quarter. Regatta Capital Group LLC increased its position in shares of Fidelity Total Bond ETF by 2.3% during the third quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock worth $641,000 after acquiring an additional 304 shares during the period. Arkadios Wealth Advisors increased its position in shares of Fidelity Total Bond ETF by 5.5% during the first quarter. Arkadios Wealth Advisors now owns 6,244 shares of the company’s stock worth $283,000 after acquiring an additional 323 shares during the period. Capital Planning LLC increased its position in shares of Fidelity Total Bond ETF by 0.9% during the second quarter. Capital Planning LLC now owns 45,501 shares of the company’s stock worth $2,053,000 after acquiring an additional 388 shares during the period. Finally, FinTrust Capital Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 7.5% during the first quarter. FinTrust Capital Advisors LLC now owns 5,675 shares of the company’s stock worth $257,000 after acquiring an additional 394 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.83 on Wednesday. The firm has a market cap of $9.15 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s 50 day simple moving average is $46.58 and its 200-day simple moving average is $45.61. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.30.

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.