Foundations Investment Advisors LLC Has $1.14 Million Stake in Fidelity Total Bond ETF $FBND

Foundations Investment Advisors LLC lowered its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 92.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,654 shares of the company’s stock after selling 296,429 shares during the period. Foundations Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Paragon Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 26.3% during the 3rd quarter. Paragon Advisors LLC now owns 85,186 shares of the company’s stock worth $3,939,000 after buying an additional 17,737 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 69.7% in the third quarter. AE Wealth Management LLC now owns 4,096 shares of the company’s stock valued at $189,000 after acquiring an additional 1,683 shares during the last quarter. Tidemark LLC bought a new stake in Fidelity Total Bond ETF during the third quarter worth about $15,688,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $144,000. Finally, TD Waterhouse Canada Inc. boosted its position in Fidelity Total Bond ETF by 7.3% during the third quarter. TD Waterhouse Canada Inc. now owns 164,215 shares of the company’s stock valued at $7,620,000 after purchasing an additional 11,137 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

NYSEARCA:FBND opened at $46.02 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s 50 day moving average price is $46.23 and its two-hundred day moving average price is $46.20.

Fidelity Total Bond ETF Cuts Dividend

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

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.