Prime Capital Investment Advisors LLC Buys 17,778 Shares of Fidelity Total Bond ETF $FBND

Prime Capital Investment Advisors LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 197,157 shares of the company’s stock after purchasing an additional 17,778 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $9,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Caldwell Trust Co purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $34,000. Maryland Capital Advisors Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF in the third quarter worth $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the second quarter valued at $49,000. Finally, Cornerstone Planning Group LLC purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at about $50,000.

Fidelity Total Bond ETF Trading Up 0.0%

Shares of NYSEARCA FBND opened at $46.15 on Friday. The stock’s 50-day moving average is $46.18 and its 200 day moving average is $46.22. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were paid a $0.146 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.