Fidelity Total Bond ETF $FBND Stake Lifted by Souders Financial Advisors

Souders Financial Advisors grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.8% during the third quarter, Holdings Channel reports. The firm owned 581,989 shares of the company’s stock after purchasing an additional 88,038 shares during the period. Fidelity Total Bond ETF makes up approximately 3.2% of Souders Financial Advisors’ investment portfolio, making the stock its 8th largest position. Souders Financial Advisors’ holdings in Fidelity Total Bond ETF were worth $26,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FBND. GWN Securities Inc. grew its stake in Fidelity Total Bond ETF by 1.3% during the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after buying an additional 277 shares during the last quarter. Insight Wealth Strategies LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after acquiring an additional 281 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 8.9% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 3,508 shares of the company’s stock valued at $162,000 after purchasing an additional 288 shares in the last quarter. Cedar Point Capital Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 1.4% in the third quarter. Cedar Point Capital Partners LLC now owns 21,005 shares of the company’s stock valued at $971,000 after buying an additional 292 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 1.8% during the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 17,722 shares of the company’s stock worth $819,000 after purchasing an additional 311 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

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

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be given 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.