Nicolet Advisory Services LLC Increases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Nicolet Advisory Services LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 548,449 shares of the company’s stock after purchasing an additional 12,975 shares during the quarter. Fidelity Total Bond ETF comprises approximately 2.2% of Nicolet Advisory Services LLC’s investment portfolio, making the stock its 10th largest position. Nicolet Advisory Services LLC owned approximately 0.27% of Fidelity Total Bond ETF worth $24,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Capital Management LLC grew its stake in Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock worth $356,000 after purchasing an additional 231 shares during the period. Dupree Financial Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after acquiring an additional 238 shares in the last quarter. King Wealth Management Group increased its stake in Fidelity Total Bond ETF by 1.0% during the 4th quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock valued at $1,074,000 after purchasing an additional 240 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in Fidelity Total Bond ETF by 0.9% during the fourth quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock worth $1,252,000 after buying an additional 242 shares during the last quarter. Finally, Tritonpoint Wealth LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after buying an additional 311 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.72 on Thursday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company has a market cap of $18.26 billion, a PE ratio of 9.03 and a beta of 0.26. The firm has a 50-day moving average of $45.44 and a 200-day moving average of $45.60.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th were given a dividend of $0.163 per share. The ex-dividend date was Friday, March 28th.

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.