Horizon Investment Services LLC Reduces Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Horizon Investment Services LLC decreased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,619 shares of the company’s stock after selling 31,200 shares during the quarter. Fidelity Total Bond ETF comprises 1.5% of Horizon Investment Services LLC’s holdings, making the stock its 23rd largest position. Horizon Investment Services LLC’s holdings in Fidelity Total Bond ETF were worth $3,438,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $25,000. PNC Financial Services Group Inc. acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth $25,000. Lindbrook Capital LLC purchased a new stake in Fidelity Total Bond ETF in the fourth quarter valued at $32,000. Rothschild Investment LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $63,000. Finally, Glassman Wealth Services purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $70,000.

Fidelity Total Bond ETF Trading Up 0.1 %

Shares of FBND opened at $45.50 on Friday. The company’s 50-day moving average price is $45.40 and its 200 day moving average price is $45.64. 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 $18.17 billion, a P/E ratio of 9.03 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th will be paid a $0.163 dividend. The ex-dividend date of this dividend is Friday, March 28th.

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.