Graney & King LLC Acquires New Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Graney & King LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,495 shares of the company’s stock, valued at approximately $1,862,000. Fidelity Total Bond ETF accounts for about 1.4% of Graney & King LLC’s portfolio, making the stock its 15th largest holding.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $196,442,000. Bank of New York Mellon Corp bought a new position in Fidelity Total Bond ETF in the fourth quarter worth about $78,895,000. Dynasty Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after acquiring an additional 1,725,938 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $48,603,000. Finally, HighTower Advisors LLC increased its stake in Fidelity Total Bond ETF by 145.5% during the 4th quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock valued at $76,575,000 after buying an additional 1,011,341 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1 %

Shares of FBND stock opened at $45.60 on Wednesday. The stock has a 50-day simple moving average of $45.37 and a 200 day simple moving average of $45.65. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The stock has a market capitalization of $18.21 billion, a P/E ratio of 9.03 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders 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.