Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 44.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 549,855 shares of the company’s stock after acquiring an additional 168,435 shares during the quarter. Baird Financial Group Inc.’s holdings in Fidelity Total Bond ETF were worth $24,672,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FBND. Wealthcare Capital Management LLC lifted its position in shares of Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock worth $356,000 after purchasing an additional 231 shares during the last quarter. Dupree Financial Group LLC lifted its holdings in Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock worth $677,000 after buying an additional 238 shares during the last quarter. King Wealth Management Group grew its position in shares of Fidelity Total Bond ETF by 1.0% in the 4th quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock worth $1,074,000 after acquiring an additional 240 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Fidelity Total Bond ETF by 0.9% in the 4th quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock valued at $1,252,000 after acquiring an additional 242 shares during the last quarter. Finally, Integrity Financial Corp WA raised its position in shares of Fidelity Total Bond ETF by 1.8% during the 4th quarter. Integrity Financial Corp WA now owns 17,275 shares of the company’s stock valued at $775,000 after acquiring an additional 299 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.18 on Tuesday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30. The company has a fifty day moving average price of $45.44 and a two-hundred day moving average price of $45.36. The company has a market cap of $18.21 billion, a PE ratio of 9.01 and a beta of 0.27.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were issued a $0.163 dividend. The ex-dividend date of this dividend was Friday, March 28th.

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.