Quadrant Capital Group LLC Grows Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Quadrant Capital Group LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,518 shares of the company’s stock after buying an additional 11,877 shares during the quarter. Quadrant Capital Group LLC’s holdings in Fidelity Total Bond ETF were worth $2,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $25,000. Lindbrook Capital LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $59,000. Finally, Rothschild Investment LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $63,000.

Fidelity Total Bond ETF Stock Down 0.1 %

Shares of Fidelity Total Bond ETF stock opened at $45.90 on Friday. The firm has a market cap of $18.77 billion, a PE ratio of 9.09 and a beta of 0.27. The company’s fifty day simple moving average is $45.48 and its two-hundred day simple moving average is $45.58. 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 28th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, March 28th.

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.