Envestnet Portfolio Solutions Inc. Raises Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Envestnet Portfolio Solutions Inc. increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 206,062 shares of the company’s stock after buying an additional 27,243 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity Total Bond ETF were worth $9,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FBND. Raymond James Financial Inc. purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $196,442,000. Bank of New York Mellon Corp bought a new position in Fidelity Total Bond ETF in the 4th quarter worth about $78,895,000. Dynasty Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 142.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after acquiring an additional 1,725,938 shares during the last quarter. HighTower Advisors LLC increased its stake in 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 acquiring an additional 1,011,341 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after acquiring an additional 992,739 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.1 %

Shares of NYSEARCA FBND opened at $45.58 on Tuesday. The firm has a market capitalization of $17.93 billion, a P/E ratio of 9.09 and a beta of 0.26. The stock’s 50-day simple moving average is $45.24 and its two-hundred day simple moving average is $45.69. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30.

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 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.