Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Decreased by Vicus Capital

Vicus Capital reduced its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 667,821 shares of the company’s stock after selling 37,172 shares during the period. Fidelity Total Bond ETF makes up 2.8% of Vicus Capital’s investment portfolio, making the stock its 7th biggest position. Vicus Capital’s holdings in Fidelity Total Bond ETF were worth $30,486,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $999,000. Capital & Planning LLC increased its position in shares of Fidelity Total Bond ETF by 122.1% during the 4th quarter. Capital & Planning LLC now owns 67,562 shares of the company’s stock valued at $3,048,000 after purchasing an additional 37,149 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Fidelity Total Bond ETF by 18.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 23,154 shares of the company’s stock valued at $1,039,000 after buying an additional 3,536 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $4,881,000. Finally, JFS Wealth Advisors LLC lifted its position in Fidelity Total Bond ETF by 18.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 35,356 shares of the company’s stock worth $1,586,000 after buying an additional 5,420 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.23 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $47.30. The stock has a 50 day simple moving average of $45.16 and a two-hundred day simple moving average of $45.27. The firm has a market cap of $18.66 billion, a P/E ratio of 8.94 and a beta of 0.26.

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.