BG Investment Services Inc. Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

BG Investment Services Inc. bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, Holdings Channel.com reports. The fund bought 286,758 shares of the company’s stock, valued at approximately $12,867,000. Fidelity Total Bond ETF accounts for approximately 13.0% of BG Investment Services Inc.’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in FBND. FMR LLC boosted its holdings in shares of Fidelity Total Bond ETF by 2.2% in the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after buying an additional 267,811 shares in the last quarter. Country Trust Bank raised its holdings in Fidelity Total Bond ETF by 0.5% during the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after purchasing an additional 31,173 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $196,442,000. Finally, RFG Advisory LLC increased its holdings in Fidelity Total Bond ETF by 6.2% during the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after acquiring an additional 250,764 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.55 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company has a market capitalization of $18.19 billion, a P/E ratio of 9.03 and a beta of 0.26. The business has a 50 day moving average price of $45.34 and a 200 day moving average price of $45.66.

Fidelity Total Bond ETF Cuts Dividend

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