Stone House Investment Management LLC Decreases Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Stone House Investment Management LLC trimmed its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 63.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 592 shares of the company’s stock after selling 1,013 shares during the period. Stone House Investment Management LLC’s holdings in Fidelity Total Bond ETF were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FBND. JPMorgan Chase & Co. boosted its position in Fidelity Total Bond ETF by 2,874.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after buying an additional 2,906,069 shares during the last quarter. Legacy Wealth Management Inc purchased a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $120,780,000. Bank of America Corp DE boosted its position in Fidelity Total Bond ETF by 316.7% in the 1st 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 last quarter. Blue Chip Partners LLC boosted its position in Fidelity Total Bond ETF by 8,501.0% in the 3rd 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 last quarter. Finally, FMR LLC boosted its position in Fidelity Total Bond ETF by 26,366.0% in the 3rd 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 last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

NYSEARCA:FBND traded up $0.23 on Wednesday, reaching $44.29. The stock had a trading volume of 815,738 shares, compared to its average volume of 1,307,063. The stock has a market cap of $4.25 billion, a P/E ratio of 12.64 and a beta of 0.17. The company has a 50-day moving average of $45.10 and a 200 day moving average of $44.77. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $46.38.

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.