Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC lowered its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,066 shares of the company’s stock after selling 1,537 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $48,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FBND. Transcendent Capital Group LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $32,000. Centerpoint Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at about $37,000. Pineridge Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $46,000. Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $49,000. Finally, Bell Investment Advisors Inc purchased a new position in Fidelity Total Bond ETF in the second quarter valued at about $55,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $47.08 on Monday. The company has a market capitalization of $9.39 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $47.13. The stock has a 50-day moving average price of $46.15 and a 200 day moving average price of $45.36.

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.