Raymond James Financial Inc. Invests $196.44 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

Raymond James Financial Inc. acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,378,019 shares of the company’s stock, valued at approximately $196,442,000.

Other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in Fidelity Total Bond ETF by 2.2% during the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after acquiring an additional 267,811 shares in the last quarter. Country Trust Bank raised its position in Fidelity Total Bond ETF by 0.5% during the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock worth $268,829,000 after acquiring an additional 31,173 shares in the last quarter. JPMorgan Chase & Co. raised its position in Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares in the last quarter. RFG Advisory LLC raised its position in Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after acquiring an additional 250,764 shares in the last quarter. Finally, Mather Group LLC. raised its position in Fidelity Total Bond ETF by 3.0% during the fourth quarter. Mather Group LLC. now owns 3,651,935 shares of the company’s stock worth $163,862,000 after acquiring an additional 106,953 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1 %

NYSEARCA FBND opened at $45.56 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The firm has a market capitalization of $17.92 billion, a P/E ratio of 9.09 and a beta of 0.26. The firm’s fifty day moving average price is $45.15 and its two-hundred day moving average price is $45.74.

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 issued a $0.163 dividend. 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.