Tsfg LLC Raises Stake in Fidelity Total Bond ETF $FBND

Tsfg LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 35.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,521 shares of the company’s stock after buying an additional 40,974 shares during the quarter. Fidelity Total Bond ETF comprises approximately 1.2% of Tsfg LLC’s investment portfolio, making the stock its 24th largest holding. Tsfg LLC’s holdings in Fidelity Total Bond ETF were worth $7,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FBND. Ascent Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 484.5% in the 2nd 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 last quarter. Simplicity Wealth LLC lifted its position in Fidelity Total Bond ETF by 416.6% during the second 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. Grimes & Company Inc. boosted its holdings in Fidelity Total Bond ETF by 151.8% in the second quarter. Grimes & Company Inc. now owns 11,646 shares of the company’s stock valued at $533,000 after purchasing an additional 7,020 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Fidelity Total Bond ETF by 12.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,496,969 shares of the company’s stock worth $62,896,000 after purchasing an additional 170,617 shares during the period. Finally, Duncan Williams Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $15,516,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.94 on Tuesday. The firm has a market capitalization of $24.03 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock has a 50-day simple moving average of $46.22 and a two-hundred day simple moving average of $46.21. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were given a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date 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.