PKS Advisory Services LLC Lowers Stock Position in Fidelity Total Bond ETF $FBND

PKS Advisory Services LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,751 shares of the company’s stock after selling 18,028 shares during the period. Fidelity Total Bond ETF comprises 0.9% of PKS Advisory Services LLC’s investment portfolio, making the stock its 16th biggest position. PKS Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $4,428,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after acquiring an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC raised its holdings in Fidelity Total Bond ETF by 4,220.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after purchasing an additional 1,970,997 shares during the period. Thrivent Financial for Lutherans boosted its position in Fidelity Total Bond ETF by 37.6% during the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after purchasing an additional 816,419 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after purchasing an additional 786,693 shares during the period. Finally, Sax Wealth Advisors LLC grew its holdings in Fidelity Total Bond ETF by 28.8% in the third quarter. Sax Wealth Advisors LLC now owns 3,407,495 shares of the company’s stock valued at $157,563,000 after purchasing an additional 762,741 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $46.63 on Monday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a 50 day simple moving average of $46.25 and a 200-day simple moving average of $46.30.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th will be given a dividend of $0.161 per share. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, February 26th.

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.