Uptick Partners LLC Has $3.06 Million Stake in Fidelity Total Bond ETF $FBND

Uptick Partners LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 261.8% in the fourth quarter, HoldingsChannel reports. The firm owned 66,538 shares of the company’s stock after buying an additional 48,148 shares during the period. Fidelity Total Bond ETF makes up about 0.7% of Uptick Partners LLC’s portfolio, making the stock its 29th largest position. Uptick Partners LLC’s holdings in Fidelity Total Bond ETF were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cerity Partners LLC increased its position in Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after buying an additional 32,071 shares in the last quarter. Betterment LLC grew its stake in Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after acquiring an additional 2,597 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $49,000. Graney & King LLC increased its holdings in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of FBND stock opened at $45.56 on Friday. The firm has a fifty day simple moving average of $45.95 and a two-hundred day simple moving average of $46.20. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86. The firm has a market capitalization of $25.39 billion, a PE ratio of 8.94 and a beta of 0.30.

Fidelity Total Bond ETF Increases Dividend

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