Forbes Financial Planning Inc. Acquires Shares of 98,052 Fidelity Total Bond ETF (NYSEARCA:FBND)

Forbes Financial Planning Inc. acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 98,052 shares of the company’s stock, valued at approximately $4,400,000. Fidelity Total Bond ETF makes up about 3.2% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its 15th largest position.

Several other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans raised its holdings in shares of Fidelity Total Bond ETF by 15.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,493,627 shares of the company’s stock worth $112,235,000 after acquiring an additional 334,597 shares during the period. Leelyn Smith LLC raised its holdings in shares of Fidelity Total Bond ETF by 4.5% during the 4th quarter. Leelyn Smith LLC now owns 58,149 shares of the company’s stock worth $2,609,000 after acquiring an additional 2,508 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 177.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 131,649 shares of the company’s stock worth $5,907,000 after acquiring an additional 84,229 shares during the period. Cozad Asset Management Inc. raised its holdings in shares of Fidelity Total Bond ETF by 1.1% during the 4th quarter. Cozad Asset Management Inc. now owns 68,783 shares of the company’s stock worth $3,086,000 after acquiring an additional 715 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 8.2% during the 4th quarter. Parallel Advisors LLC now owns 162,084 shares of the company’s stock worth $7,273,000 after acquiring an additional 12,255 shares during the period.

Fidelity Total Bond ETF Stock Up 0.1 %

NYSEARCA FBND opened at $45.61 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The business’s fifty day simple moving average is $45.25 and its 200-day simple moving average is $45.68. The firm has a market cap of $17.94 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were issued 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.