Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,605 shares of the company’s stock after selling 44,623 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.10% of Fidelity Total Bond ETF worth $9,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FBND. Nations Financial Group Inc. IA ADV boosted its position in Fidelity Total Bond ETF by 45.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,618 shares of the company’s stock valued at $917,000 after purchasing an additional 6,166 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in Fidelity Total Bond ETF by 77.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 76,329 shares of the company’s stock valued at $3,568,000 after purchasing an additional 33,238 shares during the period. Savvy Advisors Inc. acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $202,000. Prime Capital Investment Advisors LLC boosted its position in Fidelity Total Bond ETF by 14.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 110,030 shares of the company’s stock valued at $5,143,000 after purchasing an additional 14,272 shares during the period. Finally, Souders Financial Advisors boosted its position in Fidelity Total Bond ETF by 55.5% during the 3rd quarter. Souders Financial Advisors now owns 319,231 shares of the company’s stock valued at $14,921,000 after purchasing an additional 113,947 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.48 on Thursday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock has a fifty day moving average of $45.20 and a two-hundred day moving average of $45.72. The firm has a market capitalization of $17.89 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. Shareholders of record on Thursday, February 27th were given a dividend of $0.163 per share. 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.