Bank of New York Mellon Corp Makes New $78.90 Million Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Bank of New York Mellon Corp bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,758,308 shares of the company’s stock, valued at approximately $78,895,000. Bank of New York Mellon Corp owned approximately 0.88% of Fidelity Total Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Fidelity Total Bond ETF by 1,709.1% in the third quarter. Farther Finance Advisors LLC now owns 4,957 shares of the company’s stock worth $232,000 after buying an additional 4,683 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Fidelity Total Bond ETF by 0.7% during the third quarter. Janney Montgomery Scott LLC now owns 112,907 shares of the company’s stock valued at $5,277,000 after buying an additional 753 shares during the last quarter. Cedar Point Capital Partners LLC increased its position in shares of Fidelity Total Bond ETF by 10.4% during the third quarter. Cedar Point Capital Partners LLC now owns 32,096 shares of the company’s stock valued at $1,500,000 after acquiring an additional 3,014 shares in the last quarter. TrueWealth Advisors LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $4,618,000. Finally, Opes Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Opes Wealth Management LLC now owns 184,731 shares of the company’s stock valued at $8,634,000 after acquiring an additional 2,497 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

Shares of FBND opened at $45.89 on Monday. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26. The business’s fifty day simple moving average is $45.09 and its two-hundred day simple moving average is $45.76. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th will be given a $0.163 dividend. The ex-dividend date is 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.