Fidelity Total Bond ETF $FBND Shares Purchased by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 316,985 shares of the company’s stock after buying an additional 32,322 shares during the period. Fidelity Total Bond ETF makes up about 2.0% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Physician Wealth Advisors Inc. owned 0.06% of Fidelity Total Bond ETF worth $14,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Root Financial Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the 1st quarter valued at $25,000. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $32,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $37,000. Finally, Key Capital Management INC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $49,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.40 on Thursday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The stock’s 50-day moving average is $45.55 and its two-hundred day moving average is $45.91. The stock has a market cap of $26.52 billion, a PE ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF 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.