Private Advisor Group LLC Has $68.67 Million Holdings in Fidelity Total Bond ETF $FBND

Private Advisor Group LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,485,129 shares of the company’s stock after purchasing an additional 195,910 shares during the period. Private Advisor Group LLC’s holdings in Fidelity Total Bond ETF were worth $68,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FBND. Flavin Financial Services Inc. bought a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at about $7,213,000. Certified Advisory Corp grew its holdings in shares of Fidelity Total Bond ETF by 4.9% during the third quarter. Certified Advisory Corp now owns 440,417 shares of the company’s stock worth $20,365,000 after buying an additional 20,507 shares in the last quarter. PFG Advisors bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth about $19,569,000. Goodman Advisory Group LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $67,000. Finally, Prudent Investors Network Inc. raised its position in Fidelity Total Bond ETF by 13.1% in the 3rd quarter. Prudent Investors Network Inc. now owns 1,073,400 shares of the company’s stock valued at $49,634,000 after buying an additional 124,595 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.17 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The stock’s 50 day moving average price is $46.25 and its two-hundred day moving average price is $46.32. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

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

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.