Valley Financial Group Inc. decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 80.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,334 shares of the company’s stock after selling 113,157 shares during the quarter. Fidelity Total Bond ETF makes up about 0.9% of Valley Financial Group Inc.’s investment portfolio, making the stock its 24th largest position. Valley Financial Group Inc.’s holdings in Fidelity Total Bond ETF were worth $1,278,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in FBND. Northwest Investment Counselors LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth $30,000. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $32,000. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the third quarter valued at $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at about $54,000. Finally, Bell Investment Advisors Inc acquired a new stake in Fidelity Total Bond ETF in the second quarter worth about $55,000.
Fidelity Total Bond ETF Trading Up 0.4 %
Fidelity Total Bond ETF stock opened at $45.91 on Friday. The company has a market cap of $9.16 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company’s 50-day moving average is $45.93 and its two-hundred day moving average is $45.82.
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.
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