Fidelity Total Bond ETF $FBND Stock Sold by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. reduced its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,961 shares of the company’s stock after selling 31,169 shares during the period. Fidelity Total Bond ETF comprises 1.6% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Physician Wealth Advisors Inc. owned approximately 0.05% of Fidelity Total Bond ETF worth $14,114,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Fidelity Total Bond ETF by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after purchasing an additional 587,351 shares during the period. Cetera Investment Advisers boosted its holdings in Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after acquiring an additional 930,834 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after purchasing an additional 2,236,473 shares in the last quarter. Finally, Legacy Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 57.0% during the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after buying an additional 1,995,732 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of NYSEARCA FBND opened at $43.76 on Wednesday. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.86. The company has a market cap of $28.21 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock has a fifty day moving average price of $44.23 and a 200 day moving average price of $45.02.

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.