Provident Living Financial Services Inc. Acquires New Position in Fidelity Total Bond ETF $FBND

Provident Living Financial Services Inc. acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 217,444 shares of the company’s stock, valued at approximately $10,011,000. Fidelity Total Bond ETF makes up 9.5% of Provident Living Financial Services Inc.’s holdings, making the stock its 2nd biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter valued at about $32,000. Caldwell Trust Co bought a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at about $34,000. Clearstead Advisors LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at about $36,000. Maryland Capital Advisors Inc. lifted its holdings in Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after buying an additional 651 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.86 on Thursday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The company has a 50-day moving average of $46.07 and a 200 day moving average of $46.25. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.29.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a dividend of $0.161 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.