Hicks Capital Management LLC Buys New Shares in Fidelity Total Bond ETF $FBND

Hicks Capital Management LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 226,269 shares of the company’s stock, valued at approximately $10,463,000. Fidelity Total Bond ETF accounts for approximately 17.1% of Hicks Capital Management LLC’s investment portfolio, making the stock its largest position.

Several other institutional investors have also recently made changes to their positions in FBND. Fifth Third Bancorp purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $27,000. Caldwell Trust Co bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $34,000. Maryland Capital Advisors Inc. lifted its holdings in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after purchasing an additional 651 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth approximately $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $46.06 on Friday. The stock has a market cap of $23.92 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The firm has a fifty day moving average price of $46.24 and a 200-day moving average price of $46.19.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be issued a dividend of $0.146 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.