SlateStone Wealth LLC Has $363,000 Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

SlateStone Wealth LLC decreased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,094 shares of the company’s stock after selling 368 shares during the period. SlateStone Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. FMR LLC increased its holdings in shares of Fidelity Total Bond ETF by 2.2% during the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares in the last quarter. Country Trust Bank increased its holdings in shares of Fidelity Total Bond ETF by 0.5% during the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after buying an additional 31,173 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after buying an additional 520,113 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $196,442,000. Finally, RFG Advisory LLC increased its holdings in shares of Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after buying an additional 250,764 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2 %

NYSEARCA FBND opened at $45.52 on Monday. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26. The company has a 50 day moving average of $45.22 and a 200-day moving average of $45.70. 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 declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were paid a dividend of $0.163 per share. 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.