Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 177.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 131,649 shares of the company’s stock after purchasing an additional 84,229 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $5,907,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its position 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 purchasing an additional 267,811 shares during the last quarter. Country Trust Bank lifted its holdings in Fidelity Total Bond ETF by 0.5% during the 4th 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 during the last quarter. JPMorgan Chase & Co. grew its position in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $196,442,000. Finally, RFG Advisory LLC raised its position in shares of Fidelity Total Bond ETF by 6.2% during the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after acquiring an additional 250,764 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.61 on Wednesday. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The company has a fifty day moving average price of $45.25 and a two-hundred day moving average price of $45.68. The company has a market cap of $17.94 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

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