NewEdge Advisors LLC Has $42.05 Million Holdings in Fidelity Total Bond ETF $FBND

NewEdge Advisors LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 921,641 shares of the company’s stock after selling 302,758 shares during the period. Fidelity Total Bond ETF makes up approximately 0.8% of NewEdge Advisors LLC’s investment portfolio, making the stock its 20th largest holding. NewEdge Advisors LLC owned 0.16% of Fidelity Total Bond ETF worth $42,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth about $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the 1st quarter valued at about $25,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $37,000. Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $49,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $49,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $44.98 on Thursday. The stock has a market cap of $27.10 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50 day simple moving average of $45.39 and a 200 day simple moving average of $45.76. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86.

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.