Physician Wealth Advisors Inc. Sells 21,299 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Physician Wealth Advisors Inc. lowered its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,164 shares of the company’s stock after selling 21,299 shares during the quarter. Fidelity Total Bond ETF comprises 1.8% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Physician Wealth Advisors Inc. owned about 0.12% of Fidelity Total Bond ETF worth $10,507,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. RWA Wealth Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 7.9% during the 4th quarter. RWA Wealth Partners LLC now owns 51,537 shares of the company’s stock valued at $2,312,000 after purchasing an additional 3,763 shares in the last quarter. Watchman Group Inc. lifted its stake in Fidelity Total Bond ETF by 5.4% in the fourth quarter. Watchman Group Inc. now owns 183,414 shares of the company’s stock valued at $8,230,000 after buying an additional 9,455 shares during the period. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $59,000. Finally, Slagle Financial LLC increased its stake in shares of Fidelity Total Bond ETF by 5.5% in the 4th quarter. Slagle Financial LLC now owns 91,649 shares of the company’s stock valued at $4,112,000 after acquiring an additional 4,769 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.1 %

Shares of NYSEARCA FBND opened at $45.50 on Friday. The firm has a market cap of $18.17 billion, a PE ratio of 9.03 and a beta of 0.26. The company’s fifty day simple moving average is $45.40 and its 200 day simple moving average is $45.63. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th will be paid a $0.163 dividend. The ex-dividend date of this dividend is Friday, March 28th.

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.