Kraft Davis & Associates LLC Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Kraft Davis & Associates LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,171 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new stake in Fidelity Total Bond ETF in the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter worth $36,000. Brown Brothers Harriman & Co. purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $59,000. Finally, Rothschild Investment LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $63,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.01 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of 9.09 and a beta of 0.27. The company has a 50-day moving average of $45.48 and a 200 day moving average of $45.54.

Fidelity Total Bond ETF Cuts Dividend

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

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.