Cullen Frost Bankers Inc. Increases Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cullen Frost Bankers Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 53.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,638 shares of the company’s stock after acquiring an additional 1,970 shares during the period. Cullen Frost Bankers Inc.’s holdings in Fidelity Total Bond ETF were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Atria Investments Inc lifted its position in shares of Fidelity Total Bond ETF by 18.9% in the fourth quarter. Atria Investments Inc now owns 207,266 shares of the company’s stock valued at $9,300,000 after acquiring an additional 32,926 shares in the last quarter. Abbot Financial Management Inc. lifted its position in shares of Fidelity Total Bond ETF by 34.5% in the fourth quarter. Abbot Financial Management Inc. now owns 19,947 shares of the company’s stock valued at $895,000 after acquiring an additional 5,122 shares in the last quarter. Souders Financial Advisors lifted its position in shares of Fidelity Total Bond ETF by 10.9% in the fourth quarter. Souders Financial Advisors now owns 354,014 shares of the company’s stock valued at $15,885,000 after acquiring an additional 34,783 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth about $292,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Fidelity Total Bond ETF by 367.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,438 shares of the company’s stock worth $738,000 after buying an additional 12,922 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1 %

NYSEARCA:FBND opened at $45.56 on Friday. The company has a market capitalization of $17.92 billion, a P/E ratio of 9.09 and a beta of 0.26. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The business’s 50-day moving average is $45.15 and its 200 day moving average is $45.74.

Fidelity Total Bond ETF Cuts Dividend

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

Fidelity Total Bond ETF 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.