Summit X LLC Buys 21,897 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Summit X LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,215 shares of the company’s stock after purchasing an additional 21,897 shares during the quarter. Fidelity Total Bond ETF accounts for 2.5% of Summit X LLC’s investment portfolio, making the stock its 10th largest position. Summit X LLC owned approximately 0.12% of Fidelity Total Bond ETF worth $11,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in Fidelity Total Bond ETF by 145.5% in the fourth quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock valued at $76,575,000 after buying an additional 1,011,341 shares in the last quarter. New England Private Wealth Advisors LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth $287,000. Miller Financial Services LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter worth $595,000. Riverbend Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter worth $1,753,000. Finally, Independent Advisor Alliance acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at $661,000.

Fidelity Total Bond ETF Stock Down 0.4 %

NYSEARCA:FBND opened at $45.59 on Wednesday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The stock has a fifty day simple moving average of $45.18 and a 200-day simple moving average of $45.72. The company has a market capitalization of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were given 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.