Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 110,481 shares of the company’s stock after acquiring an additional 11,435 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Fidelity Total Bond ETF were worth $4,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FBND. Howe & Rusling Inc. acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth $481,000. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $504,000. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after acquiring an additional 2,024,839 shares in the last quarter. Graney & King LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $1,862,000. Finally, Ausdal Financial Partners Inc. grew its position in Fidelity Total Bond ETF by 3.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 73,381 shares of the company’s stock valued at $3,293,000 after acquiring an additional 2,232 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.50 on Friday. The company’s 50-day simple moving average is $45.40 and its 200-day simple moving average is $45.63. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock has a market capitalization of $18.17 billion, a PE ratio of 9.03 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th will be issued a dividend of $0.163 per share. The ex-dividend date is Friday, March 28th.

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.