Pallas Capital Advisors LLC Increases Stock Position in Fidelity Total Bond ETF $FBND

Pallas Capital Advisors LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 799,891 shares of the company’s stock after purchasing an additional 18,835 shares during the quarter. Fidelity Total Bond ETF comprises about 1.4% of Pallas Capital Advisors LLC’s holdings, making the stock its 9th biggest holding. Pallas Capital Advisors LLC owned 0.17% of Fidelity Total Bond ETF worth $36,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $34,000. Maryland Capital Advisors Inc. raised its holdings in Fidelity Total Bond ETF by 378.5% in 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. bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at $49,000. Finally, Cornerstone Planning Group LLC purchased a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $50,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $46.57 on Monday. The stock has a market capitalization of $24.36 billion, a P/E 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. The business has a fifty day moving average price of $46.19 and a 200-day moving average price of $46.25.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given 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 yield of 3.8%.

About Fidelity Total Bond ETF

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.