Lokken Investment Group LLC Buys 18,551 Shares of Fidelity Total Bond ETF $FBND

Lokken Investment Group LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,595 shares of the company’s stock after acquiring an additional 18,551 shares during the quarter. Fidelity Total Bond ETF makes up 3.2% of Lokken Investment Group LLC’s portfolio, making the stock its 6th biggest position. Lokken Investment Group LLC’s holdings in Fidelity Total Bond ETF were worth $9,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Baker Boyer National Bank raised its stake in shares of Fidelity Total Bond ETF by 1.3% in the 3rd quarter. Baker Boyer National Bank now owns 423,112 shares of the company’s stock valued at $19,565,000 after purchasing an additional 5,618 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Fidelity Total Bond ETF by 10.4% in the third quarter. Envestnet Asset Management Inc. now owns 6,260,344 shares of the company’s stock worth $289,478,000 after purchasing an additional 591,553 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Fidelity Total Bond ETF by 255.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 311,556 shares of the company’s stock valued at $14,459,000 after buying an additional 223,928 shares during the last quarter. Cornerstone Planning Group LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $50,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in Fidelity Total Bond ETF by 4.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 294,673 shares of the company’s stock worth $13,626,000 after buying an additional 11,706 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.0%

Shares of FBND opened at $45.96 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a 50 day moving average of $46.21 and a 200-day moving average of $46.21.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a $0.146 dividend. This represents a c) dividend on an annualized basis and a 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.