Essential Planning LLC. Has $26.03 Million Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Essential Planning LLC. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8,064.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 570,265 shares of the company’s stock after purchasing an additional 563,280 shares during the period. Essential Planning LLC. owned about 0.29% of Fidelity Total Bond ETF worth $26,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $196,442,000. Bank of New York Mellon Corp acquired a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $78,895,000. Dynasty Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF by 142.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after acquiring an additional 1,725,938 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 145.5% during the 4th quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock worth $76,575,000 after acquiring an additional 1,011,341 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after acquiring an additional 992,739 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.4 %

NYSEARCA FBND opened at $45.59 on Wednesday. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26. The firm’s 50 day simple moving average is $45.18 and its 200 day simple moving average is $45.72. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were given a $0.163 dividend. The ex-dividend date of this dividend was Thursday, February 27th.

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.