BOS Asset Management LLC Invests $5.09 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

BOS Asset Management LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 113,324 shares of the company’s stock, valued at approximately $5,085,000. Fidelity Total Bond ETF makes up about 1.8% of BOS Asset Management LLC’s portfolio, making the stock its 13th biggest position. BOS Asset Management LLC owned approximately 0.06% of Fidelity Total Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Fidelity Total Bond ETF by 2.1% in the fourth quarter. FMR LLC now owns 12,865,154 shares of the company’s stock worth $577,259,000 after buying an additional 261,006 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $395,300,000. JPMorgan Chase & Co. grew its stake in Fidelity Total Bond ETF by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock valued at $322,809,000 after acquiring an additional 2,024,839 shares in the last quarter. Country Trust Bank lifted its position in shares of Fidelity Total Bond ETF by 0.5% in the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after purchasing an additional 31,173 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 2.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,606,970 shares of the company’s stock worth $206,715,000 after purchasing an additional 123,625 shares during the period.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.09 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The firm has a market cap of $18.44 billion, a PE ratio of 9.09 and a beta of 0.27. The firm’s 50 day moving average price is $45.45 and its two-hundred day moving average price is $45.45.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 28th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, March 28th.

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.