Intelligence Driven Advisers LLC Sells 1,923 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Intelligence Driven Advisers LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,987 shares of the company’s stock after selling 1,923 shares during the period. Intelligence Driven Advisers LLC’s holdings in Fidelity Total Bond ETF were worth $269,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in shares of Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,188 shares in the last quarter. Marshall Financial Group LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter valued at $843,000. Arete Wealth Advisors LLC raised its holdings in Fidelity Total Bond ETF by 78.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares during the period. Finally, Centerline Wealth Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $15,492,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $44.90 on Thursday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The firm has a 50-day moving average of $45.14 and a 200 day moving average of $45.82. The company has a market cap of $8.96 billion, a P/E 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.