Assetmark Inc. Sells 2,392 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Assetmark Inc. decreased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,208 shares of the company’s stock after selling 2,392 shares during the quarter. Assetmark Inc.’s holdings in Fidelity Total Bond ETF were worth $711,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FBND. Marshall Financial Group LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $843,000. Cetera Investment Advisers boosted its holdings in shares of Fidelity Total Bond ETF by 31.7% in the second quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after buying an additional 383,302 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 23.5% in the second quarter. Harbour Investments Inc. now owns 287,684 shares of the company’s stock valued at $12,926,000 after buying an additional 54,676 shares during the period. Certified Advisory Corp boosted its holdings in shares of Fidelity Total Bond ETF by 4.9% in the second quarter. Certified Advisory Corp now owns 268,452 shares of the company’s stock valued at $12,062,000 after buying an additional 12,660 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.7% in the second quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after buying an additional 459 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.32 on Friday. Fidelity Total Bond ETF has a 52 week low of $43.95 and a 52 week high of $47.30. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s 50-day simple moving average is $46.25 and its 200 day simple moving average is $45.73.

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.