Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Cut by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC decreased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 462,981 shares of the company’s stock after selling 18,669 shares during the period. Fidelity Total Bond ETF accounts for 1.4% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 7th biggest position. Cyndeo Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $20,774,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in FBND. Rockefeller Capital Management L.P. boosted its stake 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 during the last quarter. Marshall Financial Group LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $843,000. Arete Wealth Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 78.3% during 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 during the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Total Bond ETF by 31.7% during the second quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock worth $71,519,000 after buying an additional 383,302 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.01 on Friday. The firm has a market cap of $8.98 billion, a P/E 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 firm’s 50 day moving average price is $45.26 and its 200 day moving average price is $45.84.

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.