Leelyn Smith LLC Boosts Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Leelyn Smith LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,149 shares of the company’s stock after buying an additional 2,508 shares during the period. Leelyn Smith LLC’s holdings in Fidelity Total Bond ETF were worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Raymond James Financial Inc. purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $196,442,000. Bank of New York Mellon Corp purchased a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $78,895,000. Dynasty Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 142.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after buying an additional 1,725,938 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 145.5% during the fourth quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock valued at $76,575,000 after acquiring an additional 1,011,341 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Fidelity Total Bond ETF by 85.1% during the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after acquiring an additional 992,739 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.58 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The firm has a market capitalization of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26. The business’s 50 day moving average price is $45.24 and its 200-day moving average price is $45.69.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were issued a $0.163 dividend. The ex-dividend date was Thursday, February 27th.

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.