Mercer Global Advisors Inc. ADV Decreases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Mercer Global Advisors Inc. ADV cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 18.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 377,484 shares of the company’s stock after selling 87,532 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.19% of Fidelity Total Bond ETF worth $16,960,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the 1st quarter valued at $37,000. Pineridge Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $46,000. Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth $49,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $55,000.

Fidelity Total Bond ETF Trading Down 0.3 %

Shares of FBND stock opened at $46.99 on Thursday. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $47.30. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The company’s 50-day moving average price is $46.26 and its 200-day moving average price is $45.40.

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.