Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 75.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,776 shares of the company’s stock after acquiring an additional 3,776 shares during the period. National Bank of Canada FI’s holdings in Fidelity Total Bond ETF were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FBND. PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $25,000. Lindbrook Capital LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $36,000. Brown Brothers Harriman & Co. purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $59,000. Finally, Rothschild Investment LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter worth approximately $63,000.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $44.78 on Friday. The company has a 50 day moving average price of $45.48 and a two-hundred day moving average price of $45.51. The stock has a market capitalization of $18.31 billion, a P/E ratio of 9.09 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were given a $0.163 dividend. The ex-dividend date was Friday, March 28th.

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.