Brown Brothers Harriman & Co. Invests $59,000 in Fidelity Total Bond ETF (NYSEARCA:FBND)

Brown Brothers Harriman & Co. bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,318 shares of the company’s stock, valued at approximately $59,000.

Several other large investors have also added to or reduced their stakes in FBND. Rockefeller Capital Management L.P. grew its position in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after buying an additional 1,188 shares during the period. Captrust Financial Advisors grew its holdings in Fidelity Total Bond ETF by 0.9% in the third quarter. Captrust Financial Advisors now owns 80,052 shares of the company’s stock worth $3,742,000 after purchasing an additional 680 shares during the period. Arete Wealth Advisors LLC increased its stake in Fidelity Total Bond ETF by 78.3% in the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock valued at $20,923,000 after purchasing an additional 196,783 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in shares of Fidelity Total Bond ETF by 12.8% during the third quarter. Flow Traders U.S. LLC now owns 11,360 shares of the company’s stock valued at $531,000 after purchasing an additional 1,288 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 695,249 shares of the company’s stock worth $32,481,000 after purchasing an additional 58,405 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.72 on Thursday. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a 50 day moving average price of $45.44 and a two-hundred day moving average price of $45.60. The stock has a market capitalization of $18.26 billion, a PE ratio of 9.03 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, March 28th.

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.