Arbor Capital Management Inc. ADV Grows Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Arbor Capital Management Inc. ADV raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,569 shares of the company’s stock after purchasing an additional 3,614 shares during the period. Arbor Capital Management Inc. ADV’s holdings in Fidelity Total Bond ETF were worth $613,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. lifted its holdings 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 acquiring an additional 1,188 shares during the period. Arete Wealth Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 78.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after acquiring an additional 196,783 shares during the period. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 520,113 shares during the period. Centerline Wealth Advisors LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Fidelity Total Bond ETF by 3.5% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock valued at $28,452,000 after buying an additional 20,500 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.52 on Monday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company’s 50 day moving average price is $45.22 and its 200 day moving average price is $45.70. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

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