ICA Group Wealth Management LLC Trims Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

ICA Group Wealth Management LLC cut its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FBND. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $32,000. Centerpoint Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the first quarter worth about $37,000. Pineridge Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $46,000. Strategic Financial Concepts LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter worth about $49,000. Finally, Bell Investment Advisors Inc acquired a new stake in Fidelity Total Bond ETF during the second quarter worth about $55,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $47.08 on Monday. The firm has a market capitalization of $9.39 billion, a PE ratio of 8.85 and a beta of 0.19. The business has a 50-day moving average of $46.15 and a two-hundred day moving average of $45.36. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $47.13.

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.