Compass Ion Advisors LLC Boosts Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Compass Ion Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525,097 shares of the company’s stock after buying an additional 58,603 shares during the period. Fidelity Total Bond ETF comprises 2.8% of Compass Ion Advisors LLC’s holdings, making the stock its 7th largest holding. Compass Ion Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $23,561,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth about $196,442,000. Bank of New York Mellon Corp purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth about $78,895,000. Dynasty Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 142.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after purchasing an additional 1,725,938 shares during the period. HighTower Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 145.5% during the 4th quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock worth $76,575,000 after purchasing an additional 1,011,341 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF by 322.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock worth $42,289,000 after purchasing an additional 719,592 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1 %

FBND stock opened at $45.61 on Wednesday. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The company has a 50-day moving average price of $45.25 and a 200 day moving average price of $45.68. The stock 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. Shareholders of record on Thursday, February 27th were given 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.