Avantax Advisory Services Inc. Buys 125,613 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Avantax Advisory Services Inc. raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 647,118 shares of the company’s stock after buying an additional 125,613 shares during the period. Avantax Advisory Services Inc. owned about 0.32% of Fidelity Total Bond ETF worth $29,036,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $196,442,000. Bank of New York Mellon Corp acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $78,895,000. Dynasty Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 142.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after purchasing an additional 1,725,938 shares during the period. HighTower Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 145.5% in the 4th quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock valued at $76,575,000 after purchasing an additional 1,011,341 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.59 on Wednesday. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26. The business’s 50-day moving average is $45.18 and its 200-day moving average is $45.72. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were paid a dividend of $0.163 per share. 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.