Thrivent Financial for Lutherans Boosts Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Thrivent Financial for Lutherans lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,493,627 shares of the company’s stock after purchasing an additional 334,597 shares during the period. Thrivent Financial for Lutherans owned 1.25% of Fidelity Total Bond ETF worth $112,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FBND. Wealthcare Capital Management LLC lifted its position in Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after buying an additional 231 shares during the period. Dupree Financial Group LLC lifted its position in Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after acquiring an additional 238 shares during the period. King Wealth Management Group lifted its position in Fidelity Total Bond ETF by 1.0% during the 4th quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock valued at $1,074,000 after acquiring an additional 240 shares during the period. Waterfront Wealth Inc. lifted its position in Fidelity Total Bond ETF by 0.9% during the 4th quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock valued at $1,252,000 after acquiring an additional 242 shares during the period. Finally, Tritonpoint Wealth LLC lifted its position in Fidelity Total Bond ETF by 1.7% during the 4th quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after acquiring an additional 311 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.58 on Tuesday. The firm has a 50 day moving average price of $45.24 and a 200-day moving average price of $45.69. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

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

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.