Sowell Financial Services LLC Grows Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Sowell Financial Services LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 53.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 109,512 shares of the company’s stock after acquiring an additional 38,321 shares during the period. Sowell Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $4,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in shares of 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 purchasing an additional 267,811 shares in the last quarter. Country Trust Bank lifted its holdings in shares of Fidelity Total Bond ETF by 0.5% in the fourth quarter. Country Trust Bank now owns 5,991,275 shares of the company’s stock valued at $268,829,000 after purchasing an additional 31,173 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after purchasing an additional 520,113 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $196,442,000. Finally, RFG Advisory LLC lifted its holdings in shares of Fidelity Total Bond ETF by 6.2% in the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock valued at $192,650,000 after purchasing an additional 250,764 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.56 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The company has a market capitalization of $17.92 billion, a PE ratio of 9.09 and a beta of 0.26. The firm’s 50-day moving average is $45.15 and its two-hundred day moving average is $45.74.

Fidelity Total Bond ETF Cuts Dividend

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

Fidelity Total Bond ETF Company 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.