Vicus Capital Has $31.63 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Vicus Capital lessened its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 704,993 shares of the company’s stock after selling 8,540 shares during the quarter. Fidelity Total Bond ETF makes up about 2.8% of Vicus Capital’s investment portfolio, making the stock its 8th largest position. Vicus Capital owned 0.35% of Fidelity Total Bond ETF worth $31,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its position in Fidelity Total Bond ETF by 12.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 255,463 shares of the company’s stock worth $11,813,000 after purchasing an additional 27,730 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 1.4% in the third quarter. Cornerstone Wealth Management LLC now owns 156,044 shares of the company’s stock valued at $7,294,000 after buying an additional 2,111 shares during the period. Summit Financial Strategies Inc. raised its holdings in Fidelity Total Bond ETF by 22.7% in the third quarter. Summit Financial Strategies Inc. now owns 1,590,011 shares of the company’s stock worth $74,317,000 after purchasing an additional 294,272 shares during the period. Quad Cities Investment Group LLC lifted its position in shares of Fidelity Total Bond ETF by 34.2% in the third quarter. Quad Cities Investment Group LLC now owns 63,911 shares of the company’s stock worth $2,987,000 after purchasing an additional 16,282 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 19.3% in the 3rd quarter. Global Retirement Partners LLC now owns 446,042 shares of the company’s stock valued at $20,848,000 after acquiring an additional 72,066 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.16 on Friday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The firm has a 50-day moving average of $45.12 and a 200-day moving average of $45.81. The company has a market cap of $9.01 billion, a PE ratio of 8.85 and a beta of 0.19.

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.