Axxcess Wealth Management LLC Sells 1,724 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Axxcess Wealth Management LLC lessened its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 518,997 shares of the company’s stock after selling 1,724 shares during the quarter. Fidelity Total Bond ETF makes up about 0.7% of Axxcess Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Axxcess Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $23,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth about $25,000. NBC Securities Inc. acquired a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $27,000. Sound Income Strategies LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $74,000. Private Trust Co. NA raised its holdings in shares of Fidelity Total Bond ETF by 51.2% during the fourth quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock valued at $74,000 after purchasing an additional 547 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Fidelity Total Bond ETF by 15.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock worth $79,000 after acquiring an additional 228 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

Shares of FBND traded up $0.24 on Friday, reaching $44.64. The company’s stock had a trading volume of 843,651 shares, compared to its average volume of 1,288,065. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.34. The firm has a fifty day moving average of $44.87 and a 200-day moving average of $44.85. The stock has a market capitalization of $8.85 billion, a PE ratio of 8.76 and a beta of 0.15.

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.