Fidelity Total Bond ETF $FBND Stake Increased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 875,591 shares of the company’s stock after acquiring an additional 75,700 shares during the period. Fidelity Total Bond ETF makes up approximately 1.3% of Pallas Capital Advisors LLC’s portfolio, making the stock its 9th biggest holding. Pallas Capital Advisors LLC owned 0.17% of Fidelity Total Bond ETF worth $40,312,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after acquiring an additional 220 shares during the period. RWA Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after purchasing an additional 241 shares during the period. GWN Securities Inc. grew its stake in shares of Fidelity Total Bond ETF by 1.3% during the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after purchasing an additional 277 shares during the period. Insight Wealth Strategies LLC increased its holdings in shares of Fidelity Total Bond ETF by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after purchasing an additional 281 shares in the last quarter. Finally, Capital CS Group LLC lifted its stake in shares of Fidelity Total Bond ETF by 4.8% in the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after purchasing an additional 286 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

FBND stock opened at $45.43 on Friday. The company has a market cap of $23.76 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The company’s 50-day moving average price is $46.14 and its 200 day moving average price is $46.29.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.161 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.