Horizon Investments LLC Trims Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Horizon Investments LLC lowered its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,651 shares of the company’s stock after selling 18,269 shares during the period. Horizon Investments LLC’s holdings in Fidelity Total Bond ETF were worth $17,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FBND. Thrivent Financial for Lutherans grew its holdings 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 valued at $100,976,000 after buying an additional 992,739 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Fidelity Total Bond ETF in the third quarter valued at approximately $691,000. EnRich Financial Partners LLC increased its position in Fidelity Total Bond ETF by 6.8% during the third quarter. EnRich Financial Partners LLC now owns 379,749 shares of the company’s stock worth $17,749,000 after purchasing an additional 24,344 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Fidelity Total Bond ETF by 3.5% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock worth $28,452,000 after purchasing an additional 20,500 shares during the period. Finally, FWG Holdings LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $7,055,000.

Fidelity Total Bond ETF Stock Up 0.1 %

Shares of NYSEARCA FBND opened at $45.58 on Tuesday. The stock has a market capitalization of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26. The firm has a fifty day moving average of $45.24 and a 200-day moving average of $45.69. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Shareholders 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 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.