Resolute Wealth Strategies LLC Decreases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Resolute Wealth Strategies LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,134 shares of the company’s stock after selling 197,474 shares during the period. Fidelity Total Bond ETF comprises 5.4% of Resolute Wealth Strategies LLC’s holdings, making the stock its 2nd biggest holding. Resolute Wealth Strategies LLC owned approximately 0.12% of Fidelity Total Bond ETF worth $10,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its position in Fidelity Total Bond ETF by 2.2% in the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after acquiring an additional 267,811 shares during the last quarter. Country Trust Bank grew its holdings in shares of 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 purchasing an additional 31,173 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 520,113 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of 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 purchasing an additional 250,764 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of 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 purchasing an additional 106,953 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.2 %

NYSEARCA:FBND opened at $45.98 on Tuesday. The stock has a market cap of $18.09 billion, a P/E ratio of 9.09 and a beta of 0.26. The stock’s 50-day moving average is $45.11 and its 200-day moving average is $45.76. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.