Spinnaker Trust Sells 94,364 Shares of Fidelity Total Bond ETF $FBND

Spinnaker Trust lessened its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 73.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,564 shares of the company’s stock after selling 94,364 shares during the quarter. Spinnaker Trust’s holdings in Fidelity Total Bond ETF were worth $1,577,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FBND. Morgan Stanley increased its position in Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after purchasing an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares during the period. Align Financial LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $141,726,000. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 30.0% in the 4th quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after purchasing an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.67 on Tuesday. The firm has a 50 day simple moving average of $45.57 and a 200 day simple moving average of $45.92. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The company has a market cap of $25.59 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.