Members Wealth LLC Has $8.44 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Members Wealth LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,837 shares of the company’s stock after selling 6,540 shares during the period. Fidelity Total Bond ETF makes up 6.4% of Members Wealth LLC’s holdings, making the stock its 2nd biggest holding. Members Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $8,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First United Bank & Trust increased its position in shares of Fidelity Total Bond ETF by 25.7% during the first quarter. First United Bank & Trust now owns 102,359 shares of the company’s stock worth $4,673,000 after acquiring an additional 20,898 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Fidelity Total Bond ETF by 240.7% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,857 shares of the company’s stock worth $85,000 after acquiring an additional 1,312 shares in the last quarter. Baker Ellis Asset Management LLC increased its position in shares of Fidelity Total Bond ETF by 11.7% during the first quarter. Baker Ellis Asset Management LLC now owns 332,939 shares of the company’s stock worth $15,199,000 after acquiring an additional 34,956 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its position in shares of Fidelity Total Bond ETF by 22.9% during the first quarter. McKinley Carter Wealth Services Inc. now owns 1,905,268 shares of the company’s stock worth $86,975,000 after acquiring an additional 355,124 shares in the last quarter. Finally, InTrack Investment Management Inc grew its position in Fidelity Total Bond ETF by 3.9% in the 1st quarter. InTrack Investment Management Inc now owns 36,148 shares of the company’s stock worth $1,650,000 after purchasing an additional 1,352 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.34 on Thursday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30. The company has a 50-day simple moving average of $45.14 and a two-hundred day simple moving average of $45.29. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 8.94 and a beta of 0.26.

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.