Fidelity Total Bond ETF (NYSEARCA:FBND) Position Boosted by Slagle Financial LLC

Slagle Financial LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBNDFree Report) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,649 shares of the company’s stock after purchasing an additional 4,769 shares during the quarter. Fidelity Total Bond ETF accounts for 1.9% of Slagle Financial LLC’s portfolio, making the stock its 16th largest position. Slagle Financial LLC’s holdings in Fidelity Total Bond ETF were worth $4,112,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $25,000. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. Lindbrook Capital LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $32,000. Rothschild Investment LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth $63,000. Finally, Glassman Wealth Services acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $70,000.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.45 on Friday. The company has a 50-day moving average of $45.39 and a two-hundred day moving average of $45.65. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 9.03 and a beta of 0.26. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30.

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 $0.163 dividend. The ex-dividend date of this dividend was Thursday, February 27th.

Fidelity Total Bond ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fidelity Total Bond ETF (NYSEARCA:FBND)

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