Ipsen Advisor Group LLC Purchases New Shares in Fidelity Total Bond ETF (NYSEARCA:FBND)

Ipsen Advisor Group LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 83,459 shares of the company’s stock, valued at approximately $3,745,000. Fidelity Total Bond ETF accounts for about 3.2% of Ipsen Advisor Group LLC’s holdings, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in FBND. Great Valley Advisor Group Inc. boosted its stake in Fidelity Total Bond ETF by 455.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 30,010 shares of the company’s stock worth $1,403,000 after purchasing an additional 24,608 shares in the last quarter. Boston Family Office LLC purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $551,000. FMR LLC increased its position 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 acquiring an additional 267,811 shares in the last quarter. D.A. Davidson & CO. lifted its position in Fidelity Total Bond ETF by 45.7% in the 3rd quarter. D.A. Davidson & CO. now owns 99,133 shares of the company’s stock valued at $4,634,000 after acquiring an additional 31,105 shares in the last quarter. Finally, Insight Wealth Partners LLC boosted its stake in Fidelity Total Bond ETF by 6.8% during the 3rd quarter. Insight Wealth Partners LLC now owns 165,542 shares of the company’s stock valued at $7,737,000 after purchasing an additional 10,470 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.60 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The stock’s fifty day moving average price is $45.37 and its 200-day moving average price is $45.65. The company has a market cap of $18.21 billion, a P/E ratio of 9.03 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The business also recently announced 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 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.