Fidelity Total Bond ETF $FBND Holdings Lowered by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.7% during the third quarter, HoldingsChannel reports. The fund owned 325,961 shares of the company’s stock after selling 31,169 shares during the quarter. Fidelity Total Bond ETF comprises approximately 1.6% of Physician Wealth Advisors Inc.’s holdings, making the stock its 12th largest position. Physician Wealth Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $14,114,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FBND. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Total Bond ETF by 7.9% in the 2nd 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 last quarter. Cetera Investment Advisers increased its stake in shares of 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 purchasing an additional 930,834 shares during the period. Sax Wealth Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 49.8% in the third 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 during the period. Finally, Legacy Wealth Management LLC increased its stake in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2%

FBND opened at $43.76 on Wednesday. The business’s 50 day moving average is $44.23 and its 200-day moving average is $45.02. The stock has a market cap of $28.21 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86.

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.