Truist Financial Corp Buys 12,529 Shares of Fidelity Total Bond ETF $FBND

Truist Financial Corp boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,110 shares of the company’s stock after acquiring an additional 12,529 shares during the period. Truist Financial Corp’s holdings in Fidelity Total Bond ETF were worth $9,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Investment Advisory Group LLC raised its holdings in Fidelity Total Bond ETF by 1.5% in the third quarter. Investment Advisory Group LLC now owns 70,882 shares of the company’s stock worth $3,278,000 after purchasing an additional 1,036 shares in the last quarter. Wealthspan Partners LLC boosted its stake in Fidelity Total Bond ETF by 16.9% in the third quarter. Wealthspan Partners LLC now owns 113,797 shares of the company’s stock valued at $5,262,000 after acquiring an additional 16,475 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF in the third quarter worth $47,000. NWF Advisory Services Inc. acquired a new stake in Fidelity Total Bond ETF in the third quarter worth about $404,000. Finally, Destiny Capital Corp CO grew its stake in shares of Fidelity Total Bond ETF by 7.0% during the third quarter. Destiny Capital Corp CO now owns 279,660 shares of the company’s stock worth $12,931,000 after acquiring an additional 18,308 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA FBND opened at $46.02 on Monday. The company has a fifty day simple moving average of $46.23 and a two-hundred day simple moving average of $46.21. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The stock has a market cap of $24.07 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be given a dividend of $0.146 per share. The ex-dividend date is Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

About Fidelity Total Bond ETF

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.