Bangor Savings Bank Sells 2,192 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Bangor Savings Bank reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,535 shares of the company’s stock after selling 2,192 shares during the period. Bangor Savings Bank’s holdings in Fidelity Total Bond ETF were worth $2,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FBND. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF in the third quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Highline Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth $47,000. Strategic Financial Concepts LLC purchased a new position in shares of Fidelity Total Bond ETF during the second quarter valued at $49,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at about $54,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $44.84 on Tuesday. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The company has a 50-day moving average of $45.47 and a 200 day moving average of $45.89. The firm has a market cap of $8.95 billion, a PE ratio of 8.85 and a beta of 0.19.

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.