TFB Advisors LLC Has $5.61 Million Stock Position in Fidelity Total Bond ETF $FBND

TFB Advisors LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 51.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,477 shares of the company’s stock after purchasing an additional 41,024 shares during the quarter. Fidelity Total Bond ETF comprises 1.6% of TFB Advisors LLC’s portfolio, making the stock its 10th largest holding. TFB Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $5,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PFG Investments LLC boosted its position in shares of Fidelity Total Bond ETF by 9.4% in the 2nd quarter. PFG Investments LLC now owns 10,041 shares of the company’s stock valued at $459,000 after purchasing an additional 859 shares during the period. Ascent Group LLC raised its holdings in shares of Fidelity Total Bond ETF by 484.5% during the second quarter. Ascent Group LLC now owns 34,720 shares of the company’s stock valued at $1,588,000 after acquiring an additional 28,780 shares during the period. USAdvisors Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 5.3% in the 2nd quarter. USAdvisors Wealth Management LLC now owns 228,960 shares of the company’s stock valued at $10,476,000 after acquiring an additional 11,423 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Fidelity Total Bond ETF by 15.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,325,768 shares of the company’s stock worth $60,654,000 after purchasing an additional 178,284 shares during the period. Finally, Simplicity Wealth LLC raised its stake in Fidelity Total Bond ETF by 416.6% during the 2nd quarter. Simplicity Wealth LLC now owns 54,442 shares of the company’s stock valued at $2,491,000 after purchasing an additional 43,904 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $46.02 on Monday. The company has a market capitalization of $24.07 billion, a PE ratio of 8.94 and a beta of 0.28. The company’s 50 day moving average price is $46.23 and its 200 day moving average price is $46.21. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

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