Dynamic Advisor Solutions LLC Decreases Stake in Fidelity Total Bond ETF $FBND

Dynamic Advisor Solutions LLC trimmed its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 932,065 shares of the company’s stock after selling 56,378 shares during the period. Fidelity Total Bond ETF comprises about 1.4% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 5th biggest position. Dynamic Advisor Solutions LLC owned about 0.18% of Fidelity Total Bond ETF worth $42,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Kingsview Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $314,000. MAI Capital Management grew its holdings in Fidelity Total Bond ETF by 431.3% during the 2nd quarter. MAI Capital Management now owns 3,204 shares of the company’s stock valued at $147,000 after buying an additional 2,601 shares in the last quarter. Shakespeare Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 4.6% during the second quarter. Shakespeare Wealth Management LLC now owns 676,490 shares of the company’s stock valued at $30,949,000 after buying an additional 29,716 shares during the last quarter. Forum Private Client Group LLC raised its position in shares of Fidelity Total Bond ETF by 69.7% during the second quarter. Forum Private Client Group LLC now owns 18,975 shares of the company’s stock valued at $868,000 after buying an additional 7,795 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Fidelity Total Bond ETF in the second quarter worth $25,450,000.

Fidelity Total Bond ETF Stock Down 0.8%

Shares of FBND stock opened at $45.51 on Monday. The company’s fifty day simple moving average is $46.20 and its two-hundred day simple moving average is $46.32. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The stock has a market cap of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a dividend of $0.161 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 26th.

Fidelity Total Bond ETF 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.