Miller Financial Services LLC Invests $595,000 in Fidelity Total Bond ETF (NYSEARCA:FBND)

Miller Financial Services LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,251 shares of the company’s stock, valued at approximately $595,000.

Other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at $25,000. PNC Financial Services Group Inc. purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $25,000. Lindbrook Capital LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $32,000. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at $54,000. Finally, Rothschild Investment LLC purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth $63,000.

Fidelity Total Bond ETF Stock Up 0.4 %

Shares of NYSEARCA:FBND opened at $45.76 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a market capitalization of $18.00 billion, a P/E ratio of 9.09 and a beta of 0.26. The firm has a fifty day simple moving average of $45.17 and a two-hundred day simple moving average of $45.73.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were paid 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.