Ipsen Advisor Group LLC Purchases Shares of 83,459 Fidelity Total Bond ETF (NYSEARCA:FBND)

Ipsen Advisor Group LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,459 shares of the company’s stock, valued at approximately $3,745,000. Fidelity Total Bond ETF accounts for 3.2% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth about $25,000. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $25,000. Lindbrook Capital LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $32,000. Rothschild Investment LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at $63,000. Finally, Glassman Wealth Services bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $70,000.

Fidelity Total Bond ETF Trading Up 0.1 %

NYSEARCA:FBND opened at $45.60 on Wednesday. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 9.03 and a beta of 0.26. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The stock has a fifty day simple moving average of $45.37 and a 200-day simple moving average of $45.65.

Fidelity Total Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 3rd. Investors 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.

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.