Kingswood Wealth Advisors LLC Sells 20,543 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kingswood Wealth Advisors LLC reduced its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 115,745 shares of the company’s stock after selling 20,543 shares during the period. Kingswood Wealth Advisors LLC owned about 0.06% of Fidelity Total Bond ETF worth $5,193,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealthcare Capital Management LLC grew its holdings in Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after purchasing an additional 231 shares during the period. Peterson Wealth Advisors LLC raised its stake in Fidelity Total Bond ETF by 0.8% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock valued at $1,467,000 after acquiring an additional 246 shares during the period. Regatta Capital Group LLC lifted its holdings in Fidelity Total Bond ETF by 2.3% during the third quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock valued at $641,000 after purchasing an additional 304 shares during the last quarter. Galvin Gaustad & Stein LLC boosted its position in Fidelity Total Bond ETF by 0.8% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock worth $2,175,000 after purchasing an additional 386 shares during the period. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $25,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.01 on Monday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company’s fifty day simple moving average is $45.26 and its two-hundred day simple moving average is $45.84. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

About Fidelity Total Bond ETF

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.