IRON Financial LLC Sells 946 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

IRON Financial LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 46,628 shares of the company’s stock after selling 946 shares during the period. Fidelity Total Bond ETF makes up 1.2% of IRON Financial LLC’s holdings, making the stock its 19th largest holding. IRON Financial LLC’s holdings in Fidelity Total Bond ETF were worth $2,092,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FBND. Mark Sheptoff Financial Planning LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $30,000. Highline Wealth Partners LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $87,000.

Fidelity Total Bond ETF Trading Up 0.5 %

Fidelity Total Bond ETF stock opened at $45.22 on Tuesday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The stock’s 50 day moving average is $45.26 and its 200-day moving average is $45.85.

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.