Daymark Wealth Partners LLC Decreases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Daymark Wealth Partners LLC cut its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,296 shares of the company’s stock after selling 394 shares during the period. Daymark Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FBND. Renaissance Technologies LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at $2,687,000. AE Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 4.7% in the 2nd quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after acquiring an additional 459 shares during the last quarter. Bank of Montreal Can raised its position in shares of Fidelity Total Bond ETF by 17.9% during the 2nd quarter. Bank of Montreal Can now owns 9,217 shares of the company’s stock worth $419,000 after acquiring an additional 1,397 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Fidelity Total Bond ETF by 2,296.1% during the second quarter. Susquehanna International Group LLP now owns 278,262 shares of the company’s stock worth $12,502,000 after purchasing an additional 266,649 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF in the second quarter valued at approximately $5,132,000.

Fidelity Total Bond ETF Trading Up 0.2 %

FBND stock opened at $45.01 on Friday. The stock has a market cap of $8.98 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The company’s 50 day moving average is $45.26 and its two-hundred day moving average is $45.84.

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.