Bay Capital Advisors LLC Makes New $1.33 Million Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Bay Capital Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,730 shares of the company’s stock, valued at approximately $1,334,000. Fidelity Total Bond ETF accounts for about 1.1% of Bay Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also recently made changes to their positions in FBND. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $25,000. PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF in the fourth quarter worth about $25,000. Lindbrook Capital LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter worth about $32,000. Rothschild Investment LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $63,000. Finally, Glassman Wealth Services bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $70,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.55 on Tuesday. The company has a market cap of $18.19 billion, a PE ratio of 9.03 and a beta of 0.26. The firm’s 50 day moving average price is $45.34 and its 200-day moving average price is $45.66. 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 business also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were issued 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.