Commonwealth Equity Services LLC Acquires 670,465 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Commonwealth Equity Services LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,049,607 shares of the company’s stock after acquiring an additional 670,465 shares during the period. Commonwealth Equity Services LLC’s holdings in Fidelity Total Bond ETF were worth $136,836,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Fidelity Total Bond ETF in the 4th quarter worth about $196,442,000. Bank of New York Mellon Corp bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $78,895,000. Dynasty Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 142.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after purchasing an additional 1,725,938 shares during the period. HighTower Advisors LLC grew its position in shares of 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 purchasing an additional 1,011,341 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after purchasing an additional 992,739 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.48 on Thursday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The business’s fifty day moving average is $45.20 and its 200 day moving average is $45.72. The company has a market capitalization of $17.89 billion, a PE ratio of 9.09 and a beta of 0.26.

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 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.