102,989 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Bought by PKS Advisory Services LLC

PKS Advisory Services LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 102,989 shares of the company’s stock, valued at approximately $4,621,000. Fidelity Total Bond ETF comprises approximately 1.2% of PKS Advisory Services LLC’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter worth about $25,000. PNC Financial Services Group Inc. bought a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. Lindbrook Capital LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Rothschild Investment LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $63,000. Finally, Glassman Wealth Services acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $70,000.

Fidelity Total Bond ETF Stock Down 0.4 %

Shares of NYSEARCA FBND opened at $45.55 on Tuesday. The company has a market capitalization of $18.19 billion, a PE ratio of 9.03 and a beta of 0.26. The firm has a fifty day simple moving average of $45.34 and a 200 day simple moving average of $45.66. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were given 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.