Fidelity Total Bond ETF $FBND Shares Purchased by Horizon Investments LLC

Horizon Investments LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 581,527 shares of the company’s stock after buying an additional 55,266 shares during the quarter. Horizon Investments LLC’s holdings in Fidelity Total Bond ETF were worth $26,774,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FBND. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Clearstead Advisors LLC acquired a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $36,000. First Command Advisory Services Inc. acquired a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000. Fifth Third Bancorp boosted its stake in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the period. Finally, Key Capital Management INC acquired a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $49,000.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.60 on Friday. The company has a 50 day moving average price of $45.95 and a 200 day moving average price of $46.20. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a $0.161 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.