Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Horizon Investments LLC

Horizon Investments LLC decreased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 400,651 shares of the company’s stock after selling 18,269 shares during the quarter. Horizon Investments LLC owned approximately 0.20% of Fidelity Total Bond ETF worth $17,917,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FBND. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth about $25,000. PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF in the 4th quarter valued at approximately $25,000. Lindbrook Capital LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $32,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $54,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $63,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.58 on Tuesday. The business’s fifty day moving average price is $45.24 and its 200 day moving average price is $45.69. The firm has a market capitalization of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26. 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 company also recently disclosed a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were issued a dividend of $0.163 per share. The ex-dividend date was Thursday, February 27th.

About Fidelity Total Bond ETF

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.