Salus Financial Advisors LLC Raises Stock Position in Fidelity Total Bond ETF $FBND

Salus Financial Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 299,428 shares of the company’s stock after buying an additional 19,085 shares during the period. Fidelity Total Bond ETF accounts for about 8.5% of Salus Financial Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Salus Financial Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $13,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital CS Group LLC increased its position in Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after acquiring an additional 286 shares during the period. PCA Investment Advisory Services Inc. boosted its position in Fidelity Total Bond ETF by 11.5% during the 3rd quarter. PCA Investment Advisory Services Inc. now owns 290,783 shares of the company’s stock worth $13,469,000 after acquiring an additional 30,042 shares during the period. Fortress Financial Group LLC grew its stake in shares of Fidelity Total Bond ETF by 1.0% in the third quarter. Fortress Financial Group LLC now owns 46,203 shares of the company’s stock worth $2,136,000 after purchasing an additional 471 shares in the last quarter. Indie Asset Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 50.7% during the third quarter. Indie Asset Partners LLC now owns 16,445 shares of the company’s stock valued at $760,000 after purchasing an additional 5,535 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Fidelity Total Bond ETF by 1.8% during the third quarter. Assetmark Inc. now owns 24,393 shares of the company’s stock valued at $1,128,000 after purchasing an additional 423 shares during the period.

Fidelity Total Bond ETF Stock Up 0.3%

FBND stock opened at $46.57 on Friday. The company has a market capitalization of $24.36 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a 50-day simple moving average of $46.19 and a 200 day simple moving average of $46.25. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were paid a $0.146 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 29th.

Fidelity Total Bond ETF Company 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.