LPL Financial LLC Increases Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

LPL Financial LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,379,362 shares of the company’s stock after purchasing an additional 594,986 shares during the quarter. LPL Financial LLC’s holdings in Fidelity Total Bond ETF were worth $151,632,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wealthcare Capital Management LLC lifted its position 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 buying an additional 231 shares during the last quarter. Dupree Financial Group LLC raised its stake in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock worth $677,000 after acquiring an additional 238 shares in the last quarter. King Wealth Management Group lifted its position in Fidelity Total Bond ETF by 1.0% during the fourth quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock valued at $1,074,000 after acquiring an additional 240 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in Fidelity Total Bond ETF by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock valued at $1,252,000 after acquiring an additional 242 shares in the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in Fidelity Total Bond ETF by 1.7% in 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 last quarter.

Fidelity Total Bond ETF Trading Down 0.4 %

Shares of FBND opened at $45.55 on Tuesday. The firm has a market cap of $18.19 billion, a PE ratio of 9.03 and a beta of 0.26. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The stock has a fifty day moving average price of $45.34 and a 200-day moving average price of $45.66.

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 paid a $0.163 dividend. 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.