Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by Summit X LLC

Summit X LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 249,215 shares of the company’s stock after buying an additional 21,897 shares during the period. Fidelity Total Bond ETF makes up approximately 2.5% of Summit X LLC’s portfolio, making the stock its 10th biggest position. Summit X LLC’s holdings in Fidelity Total Bond ETF were worth $11,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Fidelity Total Bond ETF by 2.2% during the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after purchasing an additional 267,811 shares during the last quarter. Country Trust Bank grew its stake in Fidelity Total Bond ETF by 0.5% during the 4th quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after buying an additional 31,173 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 buying an additional 520,113 shares during the period. Raymond James Financial Inc. bought a new stake in Fidelity Total Bond ETF in the fourth quarter valued at $196,442,000. Finally, RFG Advisory LLC boosted its holdings in shares of Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after acquiring an additional 250,764 shares during the period.

Fidelity Total Bond ETF Stock Down 0.4 %

Fidelity Total Bond ETF stock opened at $45.59 on Wednesday. The firm has a 50-day moving average price of $45.18 and a two-hundred day moving average price of $45.72. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were given a $0.163 dividend. 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.