Kovack Advisors Inc. Sells 1,064 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kovack Advisors Inc. lowered its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,074 shares of the company’s stock after selling 1,064 shares during the period. Kovack Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $317,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of FBND. Wealthcare Capital Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after purchasing an additional 231 shares in the last quarter. Dupree Financial Group LLC raised its position in shares of Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock worth $677,000 after purchasing an additional 238 shares during the period. Waterfront Wealth Inc. raised its position in shares of Fidelity Total Bond ETF by 0.9% during the fourth quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock worth $1,252,000 after purchasing an additional 242 shares during the period. Tritonpoint Wealth LLC raised its position in shares of Fidelity Total Bond ETF by 1.7% during the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock worth $844,000 after purchasing an additional 311 shares during the period. Finally, Galvin Gaustad & Stein LLC raised its position in Fidelity Total Bond ETF by 0.8% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock valued at $2,175,000 after buying an additional 386 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

NYSEARCA FBND opened at $45.89 on Friday. The firm has a market capitalization of $9.16 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a fifty day simple moving average of $45.09 and a 200 day simple moving average of $45.76. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th will be paid 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.