OneAscent Financial Services LLC Invests $13.67 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

OneAscent Financial Services LLC acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 302,947 shares of the company’s stock, valued at approximately $13,666,000. Fidelity Total Bond ETF accounts for 1.2% of OneAscent Financial Services LLC’s investment portfolio, making the stock its 17th largest position. OneAscent Financial Services LLC owned about 0.15% of Fidelity Total Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after acquiring an additional 1,188 shares during the period. Captrust Financial Advisors raised its position in Fidelity Total Bond ETF by 0.9% in the third quarter. Captrust Financial Advisors now owns 80,052 shares of the company’s stock worth $3,742,000 after purchasing an additional 680 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in Fidelity Total Bond ETF by 78.3% during the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares during the period. Flow Traders U.S. LLC boosted its holdings in Fidelity Total Bond ETF by 12.8% during the third quarter. Flow Traders U.S. LLC now owns 11,360 shares of the company’s stock valued at $531,000 after purchasing an additional 1,288 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 695,249 shares of the company’s stock valued at $32,481,000 after purchasing an additional 58,405 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2 %

Shares of FBND opened at $45.73 on Wednesday. The stock has a market cap of $18.26 billion, a PE ratio of 9.03 and a beta of 0.26. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock has a 50 day simple moving average of $45.43 and a 200-day simple moving average of $45.60.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were paid a $0.163 dividend. The ex-dividend date of this dividend was Friday, March 28th.

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.