29,730 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Acquired by Bay Capital Advisors LLC

Bay Capital Advisors LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, HoldingsChannel reports. The fund bought 29,730 shares of the company’s stock, valued at approximately $1,334,000. Fidelity Total Bond ETF comprises approximately 1.1% of Bay Capital Advisors LLC’s portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PKS Advisory Services LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $4,621,000. Modern Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the fourth quarter valued at about $48,603,000. LPL Financial LLC boosted its holdings in Fidelity Total Bond ETF by 21.4% in the fourth quarter. LPL Financial LLC now owns 3,379,362 shares of the company’s stock worth $151,632,000 after acquiring an additional 594,986 shares in the last quarter. Clear Investment Research LLC increased its holdings in shares of Fidelity Total Bond ETF by 6.3% during the fourth quarter. Clear Investment Research LLC now owns 80,911 shares of the company’s stock valued at $3,630,000 after acquiring an additional 4,822 shares in the last quarter. Finally, HUB Investment Partners LLC raised its position in shares of Fidelity Total Bond ETF by 11.2% in the 4th quarter. HUB Investment Partners LLC now owns 1,016,093 shares of the company’s stock valued at $45,592,000 after purchasing an additional 102,233 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.4 %

FBND stock opened at $45.55 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a market capitalization of $18.19 billion, a PE ratio of 9.03 and a beta of 0.26. The firm has a 50 day moving average of $45.34 and a 200 day moving average of $45.66.

Fidelity Total Bond ETF Cuts Dividend

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