Cassady Schiller Wealth Management LLC Lowers Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cassady Schiller Wealth Management LLC lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,841 shares of the company’s stock after selling 261 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $1,743,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 8.2% during the fourth quarter. Parallel Advisors LLC now owns 162,084 shares of the company’s stock worth $7,273,000 after purchasing an additional 12,255 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in shares of Fidelity Total Bond ETF by 36.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 13,569 shares of the company’s stock worth $613,000 after purchasing an additional 3,614 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Fidelity Total Bond ETF by 2.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 774,785 shares of the company’s stock worth $34,765,000 after purchasing an additional 18,622 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Fidelity Total Bond ETF by 10.0% during the fourth quarter. Harbour Investments Inc. now owns 421,099 shares of the company’s stock worth $18,895,000 after purchasing an additional 38,373 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Fidelity Total Bond ETF by 15.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 206,062 shares of the company’s stock worth $9,246,000 after purchasing an additional 27,243 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.52 on Monday. The stock has a market capitalization of $17.91 billion, a PE ratio of 9.09 and a beta of 0.26. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company’s 50-day simple moving average is $45.22 and its 200-day simple moving average is $45.70.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.