Souders Financial Advisors Boosts Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Souders Financial Advisors raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 354,014 shares of the company’s stock after buying an additional 34,783 shares during the period. Fidelity Total Bond ETF comprises about 2.2% of Souders Financial Advisors’ portfolio, making the stock its 11th largest holding. Souders Financial Advisors’ holdings in Fidelity Total Bond ETF were worth $15,885,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $78,895,000. Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 142.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after buying an additional 1,725,938 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after purchasing an additional 992,739 shares during the period. Aptus Capital Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at approximately $40,718,000. Finally, Valeo Financial Advisors LLC grew its stake in Fidelity Total Bond ETF by 322.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock valued at $42,289,000 after acquiring an additional 719,592 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.80 on Wednesday. The firm has a market cap of $18.02 billion, a PE ratio of 9.09 and a beta of 0.26. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The firm has a fifty day moving average of $45.12 and a 200 day moving average of $45.75.

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 $0.163 dividend. The ex-dividend date was 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.