Abbot Financial Management Inc. Has $895,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Abbot Financial Management Inc. lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 34.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,947 shares of the company’s stock after acquiring an additional 5,122 shares during the quarter. Abbot Financial Management Inc.’s holdings in Fidelity Total Bond ETF were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Fidelity Total Bond ETF by 2.2% during the third 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 during the last quarter. Country Trust Bank raised its stake in shares of Fidelity Total Bond ETF by 0.5% during the 4th 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 during the period. JPMorgan Chase & Co. grew its position 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 valued at $241,622,000 after acquiring an additional 520,113 shares during the period. RFG Advisory LLC raised its holdings in shares of Fidelity Total Bond ETF by 6.2% in the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after purchasing an additional 250,764 shares during the period. Finally, Mather Group LLC. lifted its stake in Fidelity Total Bond ETF by 3.0% in the fourth quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock valued at $163,862,000 after purchasing an additional 106,953 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.80 on Wednesday. The company has a market capitalization of $18.02 billion, a P/E ratio of 9.09 and a beta of 0.26. The business has a fifty day simple moving average of $45.12 and a two-hundred day simple moving average of $45.75. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

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