Physician Wealth Advisors Inc. Has $12.95 Million Stock Position in Fidelity Total Bond ETF $FBND

Physician Wealth Advisors Inc. lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,967 shares of the company’s stock after buying an additional 38,464 shares during the quarter. Fidelity Total Bond ETF comprises 2.0% of Physician Wealth Advisors Inc.’s holdings, making the stock its 14th biggest position. Physician Wealth Advisors Inc. owned 0.07% of Fidelity Total Bond ETF worth $12,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 27.5% during the first quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after buying an additional 1,729 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Fidelity Total Bond ETF by 69.2% during the first quarter. Park Avenue Securities LLC now owns 22,559 shares of the company’s stock worth $1,030,000 after buying an additional 9,225 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 1.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 208,265 shares of the company’s stock worth $9,507,000 after buying an additional 2,203 shares in the last quarter. Advisor OS LLC lifted its holdings in shares of Fidelity Total Bond ETF by 3.2% during the first quarter. Advisor OS LLC now owns 301,618 shares of the company’s stock worth $13,769,000 after buying an additional 9,288 shares in the last quarter. Finally, OLIO Financial Planning increased its position in shares of Fidelity Total Bond ETF by 3.5% in the second quarter. OLIO Financial Planning now owns 884,042 shares of the company’s stock worth $40,445,000 after purchasing an additional 29,876 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.40 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $47.04. The stock has a market capitalization of $20.06 billion, a P/E ratio of 8.94 and a beta of 0.17. The stock’s fifty day moving average is $45.91 and its 200 day moving average is $45.55.

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.