Warwick Investment Management Inc. Acquires Shares of 38,442 Fidelity Total Bond ETF (NYSEARCA:FBND)

Warwick Investment Management Inc. bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,442 shares of the company’s stock, valued at approximately $1,725,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBND. PFG Advisors increased its position in shares of Fidelity Total Bond ETF by 19.0% during the fourth quarter. PFG Advisors now owns 279,572 shares of the company’s stock valued at $12,544,000 after acquiring an additional 44,593 shares in the last quarter. Summit X LLC boosted its stake in Fidelity Total Bond ETF by 9.6% during the 4th quarter. Summit X LLC now owns 249,215 shares of the company’s stock valued at $11,182,000 after purchasing an additional 21,897 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 145.5% in the 4th quarter. HighTower Advisors LLC now owns 1,706,590 shares of the company’s stock worth $76,575,000 after purchasing an additional 1,011,341 shares in the last quarter. New England Private Wealth Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $287,000. Finally, Miller Financial Services LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at $595,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.59 on Wednesday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The stock has a 50-day moving average of $45.18 and a 200 day moving average of $45.72. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were paid a $0.163 dividend. 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.