Axxcess Wealth Management LLC Sells 141,177 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Axxcess Wealth Management LLC trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBNDFree Report) by 21.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 520,721 shares of the company’s stock after selling 141,177 shares during the quarter. Fidelity Total Bond ETF makes up about 0.8% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Axxcess Wealth Management LLC owned 0.54% of Fidelity Total Bond ETF worth $22,683,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Wealth Management Inc acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth approximately $120,780,000. Bank of America Corp DE lifted its holdings in Fidelity Total Bond ETF by 316.7% in the first quarter. Bank of America Corp DE now owns 3,081,245 shares of the company’s stock valued at $141,737,000 after buying an additional 2,341,860 shares during the period. Blue Chip Partners LLC lifted its holdings in Fidelity Total Bond ETF by 8,501.0% in the third quarter. Blue Chip Partners LLC now owns 2,153,777 shares of the company’s stock valued at $93,819,000 after buying an additional 2,128,736 shares during the period. FMR LLC lifted its holdings in Fidelity Total Bond ETF by 26,366.0% in the third quarter. FMR LLC now owns 2,086,842 shares of the company’s stock valued at $90,903,000 after buying an additional 2,078,957 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $70,964,000.

Fidelity Total Bond ETF Stock Up 0.4 %

NYSEARCA FBND traded up $0.19 during trading hours on Friday, hitting $45.26. The company’s stock had a trading volume of 949,742 shares, compared to its average volume of 1,073,867. The stock has a fifty day moving average of $45.49 and a 200 day moving average of $44.59. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.53. The firm has a market capitalization of $4.34 billion, a P/E ratio of 12.64 and a beta of 0.17.

Fidelity Total Bond ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity Total Bond ETF (NYSEARCA:FBND)

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