Legacy Wealth Management LLC Sells 935,539 Shares of Fidelity Total Bond ETF $FBND

Legacy Wealth Management LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,559,893 shares of the company’s stock after selling 935,539 shares during the period. Fidelity Total Bond ETF makes up about 10.4% of Legacy Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Legacy Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $197,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity Total Bond ETF by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares during the period. Cetera Investment Advisers increased its position in shares of Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after purchasing an additional 930,834 shares during the period. Sax Wealth Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 49.8% during the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after purchasing an additional 2,236,473 shares during the period. Finally, Modern Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 38.3% in the first quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock valued at $228,764,000 after purchasing an additional 1,388,283 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of NYSEARCA FBND opened at $44.05 on Friday. The firm has a market capitalization of $28.40 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86. The business has a fifty day simple moving average of $44.17 and a 200 day simple moving average of $44.99.

Fidelity Total Bond ETF Company 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.