6,500 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Bought by Synergy Investment Management LLC

Synergy Investment Management LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds have also made changes to their positions in FBND. Farther Finance Advisors LLC increased its holdings in Fidelity Total Bond ETF by 1,709.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,957 shares of the company’s stock valued at $232,000 after acquiring an additional 4,683 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Fidelity Total Bond ETF by 0.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 112,907 shares of the company’s stock worth $5,277,000 after purchasing an additional 753 shares in the last quarter. Opes Wealth Management LLC increased its stake in shares of Fidelity Total Bond ETF by 1.4% during the 3rd quarter. Opes Wealth Management LLC now owns 184,731 shares of the company’s stock worth $8,634,000 after purchasing an additional 2,497 shares in the last quarter. FSM Wealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $467,000. Finally, Moloney Securities Asset Management LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $275,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.98 on Tuesday. The business’s fifty day moving average price is $45.11 and its two-hundred day moving average price is $45.76. The stock has a market cap of $18.09 billion, a PE ratio of 9.09 and a beta of 0.26. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The business 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.