Hicks Capital Management LLC Increases Stock Position in Fidelity Total Bond ETF $FBND

Hicks Capital Management LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,938 shares of the company’s stock after purchasing an additional 25,669 shares during the period. Fidelity Total Bond ETF makes up approximately 11.7% of Hicks Capital Management LLC’s holdings, making the stock its 2nd biggest position. Hicks Capital Management LLC’s holdings in Fidelity Total Bond ETF were worth $11,599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Fidelity Total Bond ETF by 11.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,631,426 shares of the company’s stock valued at $75,111,000 after acquiring an additional 171,643 shares during the period. Plus Group Wealth Advisors LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $401,000. Prudent Investors Network Inc. lifted its stake in Fidelity Total Bond ETF by 22.5% during the 4th quarter. Prudent Investors Network Inc. now owns 1,314,388 shares of the company’s stock valued at $60,514,000 after acquiring an additional 240,988 shares during the period. USAdvisors Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 5.3% during the 4th quarter. USAdvisors Wealth Management LLC now owns 243,175 shares of the company’s stock valued at $11,195,000 after acquiring an additional 12,241 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Fidelity Total Bond ETF by 6.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,196,841 shares of the company’s stock valued at $147,251,000 after acquiring an additional 207,111 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.22 on Monday. The stock has a market capitalization of $25.34 billion, a P/E ratio of 8.94 and a beta of 0.28. The company’s 50-day simple moving average is $45.78 and its two-hundred day simple moving average is $46.12. Fidelity Total Bond ETF has a 52-week low of $44.73 and a 52-week high of $46.86.

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.