Truist Financial Corp Reduces Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Truist Financial Corp lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 22.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 205,861 shares of the company’s stock after selling 58,948 shares during the quarter. Truist Financial Corp owned 0.10% of Fidelity Total Bond ETF worth $9,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Financial Strategies Inc. increased its position in Fidelity Total Bond ETF by 4,346.0% during the second quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock valued at $58,218,000 after acquiring an additional 1,266,595 shares during the last quarter. RFG Advisory LLC boosted its stake in shares of Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after purchasing an additional 1,093,311 shares during the period. Quotient Wealth Partners LLC bought a new position in Fidelity Total Bond ETF during the 2nd quarter valued at about $44,290,000. Falcon Wealth Planning grew its holdings in Fidelity Total Bond ETF by 466.4% during the 2nd quarter. Falcon Wealth Planning now owns 1,023,679 shares of the company’s stock valued at $45,994,000 after purchasing an additional 842,929 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Fidelity Total Bond ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after purchasing an additional 825,448 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $46.28 on Friday. The firm has a market capitalization of $9.24 billion, a PE ratio of 8.85 and a beta of 0.19. The business has a 50 day simple moving average of $46.57 and a two-hundred day simple moving average of $45.53. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.30.

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.