Linscomb Wealth Inc. Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Linscomb Wealth Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,508 shares of the company’s stock after buying an additional 20,936 shares during the period. Linscomb Wealth Inc. owned 0.10% of Fidelity Total Bond ETF worth $9,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Fidelity Total Bond ETF by 2.2% in the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after buying an additional 267,811 shares during the period. Country Trust Bank lifted its stake in Fidelity Total Bond ETF by 0.5% in the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after acquiring an additional 31,173 shares during the period. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares during the period. RFG Advisory LLC grew its holdings in Fidelity Total Bond ETF by 6.2% during the 4th quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after acquiring an additional 250,764 shares in the last quarter. Finally, Mather Group LLC. increased its position in Fidelity Total Bond ETF by 3.0% during the 4th quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock valued at $163,862,000 after purchasing an additional 106,953 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.66 on Friday. The firm has a 50-day simple moving average of $45.07 and a 200-day simple moving average of $45.77. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The firm has a market cap of $9.11 billion, a P/E ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.163 per share. The ex-dividend date is Thursday, February 27th.

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.