Fidelity Total Bond ETF $FBND Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,113,419 shares of the company’s stock after purchasing an additional 115,073 shares during the period. Fidelity Total Bond ETF makes up approximately 5.1% of McKinley Carter Wealth Services Inc.’s holdings, making the stock its 4th largest holding. McKinley Carter Wealth Services Inc.’s holdings in Fidelity Total Bond ETF were worth $97,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FBND. Fifth Third Bancorp purchased a new position in Fidelity Total Bond ETF during the second quarter worth approximately $27,000. Caldwell Trust Co purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $34,000. Maryland Capital Advisors Inc. grew its holdings in shares of Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after purchasing an additional 651 shares during the period. First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF during the third quarter worth about $47,000. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $46.02 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The company has a market capitalization of $23.90 billion, a P/E ratio of 8.94 and a beta of 0.28. The company has a 50 day simple moving average of $46.23 and a 200-day simple moving average of $46.19.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 29th will be paid a dividend of $0.146 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a c) annualized dividend and a yield of 3.8%.

Fidelity Total Bond ETF 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.