RFG Advisory LLC Cuts Stock Position in Fidelity Total Bond ETF $FBND

RFG Advisory LLC decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,852 shares of the company’s stock after selling 276,488 shares during the period. Fidelity Total Bond ETF comprises approximately 1.0% of RFG Advisory LLC’s investment portfolio, making the stock its 13th largest holding. RFG Advisory LLC owned approximately 0.22% of Fidelity Total Bond ETF worth $47,898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Fidelity Total Bond ETF by 5.4% during the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC raised its position in shares of Fidelity Total Bond ETF by 1.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock worth $456,387,000 after purchasing an additional 136,223 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after buying an additional 786,693 shares in the last quarter. Finally, Country Trust Bank boosted its holdings in Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock worth $290,027,000 after buying an additional 86,070 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.0%

NYSEARCA:FBND opened at $46.15 on Monday. The stock has a 50 day moving average of $46.18 and a two-hundred day moving average of $46.22. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The firm has a market cap of $24.14 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were paid a $0.146 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 29th.

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.