Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Boosted by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2,193.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,937 shares of the company’s stock after purchasing an additional 216,085 shares during the period. Fidelity Total Bond ETF accounts for 2.8% of Milestone Investment Advisors LLC’s portfolio, making the stock its 11th largest position. Milestone Investment Advisors LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $10,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. OneAscent Financial Services LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter worth $13,666,000. Huntington National Bank grew its position in shares of Fidelity Total Bond ETF by 7.3% during the fourth quarter. Huntington National Bank now owns 673,390 shares of the company’s stock worth $30,215,000 after acquiring an additional 45,715 shares during the last quarter. Lokken Investment Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 14.9% in the 4th quarter. Lokken Investment Group LLC now owns 144,471 shares of the company’s stock worth $6,482,000 after acquiring an additional 18,754 shares during the period. National Bank of Canada FI lifted its position in Fidelity Total Bond ETF by 75.5% in the 4th quarter. National Bank of Canada FI now owns 8,776 shares of the company’s stock valued at $394,000 after purchasing an additional 3,776 shares during the last quarter. Finally, Mosaic Financial Group LLC boosted its stake in Fidelity Total Bond ETF by 8.8% during the 4th quarter. Mosaic Financial Group LLC now owns 29,412 shares of the company’s stock valued at $1,320,000 after purchasing an additional 2,380 shares during the period.

Fidelity Total Bond ETF Trading Down 0.0 %

Shares of NYSEARCA:FBND opened at $45.72 on Thursday. The firm’s 50 day moving average is $45.44 and its two-hundred day moving average is $45.60. The firm has a market capitalization of $18.26 billion, a P/E ratio of 9.03 and a beta of 0.26. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

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