Goodwin Investment Advisory Buys 70,980 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Goodwin Investment Advisory lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 711,339 shares of the company’s stock after purchasing an additional 70,980 shares during the period. Fidelity Total Bond ETF comprises about 16.7% of Goodwin Investment Advisory’s holdings, making the stock its 2nd largest holding. Goodwin Investment Advisory’s holdings in Fidelity Total Bond ETF were worth $31,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Mark Sheptoff Financial Planning LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth $54,000. Rothschild Investment LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at $63,000. Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF in the third quarter valued at $87,000. Finally, Private Wealth Management Group LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $127,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.89 on Friday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company has a market cap of $9.16 billion, a P/E ratio of 8.85 and a beta of 0.19. The business’s 50-day simple moving average is $45.09 and its 200-day simple moving average is $45.77.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 27th will be issued a $0.163 dividend. The ex-dividend date is 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.