BG Investment Services Inc. Acquires New Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

BG Investment Services Inc. acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 286,758 shares of the company’s stock, valued at approximately $12,867,000. Fidelity Total Bond ETF comprises approximately 13.0% of BG Investment Services Inc.’s holdings, making the stock its 2nd largest holding. BG Investment Services Inc. owned 0.14% of Fidelity Total Bond ETF at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $25,000. PNC Financial Services Group Inc. acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. Lindbrook Capital LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Rothschild Investment LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at about $63,000. Finally, Glassman Wealth Services purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $70,000.

Fidelity Total Bond ETF Stock Down 0.4 %

Shares of NYSEARCA FBND opened at $45.55 on Tuesday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The business’s 50 day moving average is $45.34 and its two-hundred day moving average is $45.66. The firm has a market cap of $18.19 billion, a price-to-earnings 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 Monday, March 3rd. Stockholders of record on Thursday, February 27th were paid a $0.163 dividend. The ex-dividend date was Thursday, February 27th.

Fidelity Total Bond ETF Company 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.