Envestnet Portfolio Solutions Inc. Buys 27,243 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Envestnet Portfolio Solutions Inc. raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,062 shares of the company’s stock after purchasing an additional 27,243 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.10% of Fidelity Total Bond ETF worth $9,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $3,293,000. Kestra Advisory Services LLC grew its stake in Fidelity Total Bond ETF by 7.1% in the 4th quarter. Kestra Advisory Services LLC now owns 3,072,896 shares of the company’s stock valued at $138,612,000 after purchasing an additional 203,399 shares during the period. King Wealth Management Group grew its stake in Fidelity Total Bond ETF by 1.0% in the 4th quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock valued at $1,074,000 after purchasing an additional 240 shares during the period. Commonwealth Equity Services LLC grew its stake in Fidelity Total Bond ETF by 28.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,049,607 shares of the company’s stock valued at $136,836,000 after purchasing an additional 670,465 shares during the period. Finally, Madison Wealth Partners Inc lifted its position in shares of Fidelity Total Bond ETF by 30.8% during the 4th quarter. Madison Wealth Partners Inc now owns 134,917 shares of the company’s stock valued at $6,054,000 after buying an additional 31,777 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.58 on Tuesday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The business’s fifty day moving average price is $45.24 and its 200-day moving average price is $45.69. The stock has a market capitalization of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders 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 Company 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.