Fidelity Total Bond ETF $FBND Stock Position Decreased by Allegheny Financial Group

Allegheny Financial Group trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,610 shares of the company’s stock after selling 41,309 shares during the quarter. Allegheny Financial Group’s holdings in Fidelity Total Bond ETF were worth $2,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. raised 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 buying an additional 4,963,926 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 4,220.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after acquiring an additional 1,970,997 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Fidelity Total Bond ETF by 64.3% during the 2nd quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after acquiring an additional 1,412,766 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Fidelity Total Bond ETF by 37.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock valued at $138,245,000 after acquiring an additional 816,419 shares in the last quarter. Finally, Dynasty Wealth Management LLC lifted its holdings 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 worth $307,801,000 after purchasing an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.3%

NYSEARCA:FBND opened at $46.32 on Wednesday. The company’s 50 day moving average is $46.18 and its 200-day moving average is $46.23. 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 $24.23 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

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