Condor Capital Management Makes New $1.42 Million Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Condor Capital Management acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 31,596 shares of the company’s stock, valued at approximately $1,418,000.

A number of other hedge funds have also modified their holdings of the stock. Sachetta LLC raised its stake in Fidelity Total Bond ETF by 8.1% during the third quarter. Sachetta LLC now owns 158,278 shares of the company’s stock worth $7,399,000 after acquiring an additional 11,869 shares in the last quarter. Strategy Asset Managers LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $615,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $54,000. LPL Financial LLC lifted its holdings in Fidelity Total Bond ETF by 27.5% during the 3rd quarter. LPL Financial LLC now owns 2,784,376 shares of the company’s stock valued at $130,142,000 after purchasing an additional 600,874 shares during the last quarter. Finally, Allen Capital Group LLC boosted its position in Fidelity Total Bond ETF by 0.7% in the third quarter. Allen Capital Group LLC now owns 125,143 shares of the company’s stock valued at $5,849,000 after buying an additional 843 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.3 %

Shares of Fidelity Total Bond ETF stock opened at $45.74 on Thursday. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 9.03 and a beta of 0.26. The firm’s 50-day moving average price is $45.27 and its two-hundred day moving average price is $45.69. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were issued 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.