Avantax Advisory Services Inc. Has $29.04 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Avantax Advisory Services Inc. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 647,118 shares of the company’s stock after purchasing an additional 125,613 shares during the period. Avantax Advisory Services Inc.’s holdings in Fidelity Total Bond ETF were worth $29,036,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FBND. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $196,442,000. Bank of New York Mellon Corp bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $78,895,000. Dynasty Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 142.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after acquiring an additional 1,725,938 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 145.5% in the fourth quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock valued at $76,575,000 after acquiring an additional 1,011,341 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after acquiring an additional 992,739 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.4 %

FBND stock opened at $45.59 on Wednesday. The business has a 50 day moving average of $45.18 and a 200-day moving average of $45.72. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The firm has a market cap of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.