Tidemark LLC Takes Position in Fidelity Total Bond ETF $FBND

Tidemark LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 339,281 shares of the company’s stock, valued at approximately $15,688,000. Fidelity Total Bond ETF accounts for about 4.6% of Tidemark LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in Fidelity Total Bond ETF in the 2nd quarter worth $27,000. Consolidated Portfolio Review Corp lifted its stake in shares of Fidelity Total Bond ETF by 5.6% in the second quarter. Consolidated Portfolio Review Corp now owns 17,183 shares of the company’s stock worth $786,000 after acquiring an additional 908 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Fidelity Total Bond ETF by 9.4% in the second quarter. PFG Investments LLC now owns 10,041 shares of the company’s stock worth $459,000 after acquiring an additional 859 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 5.7% in the second quarter. Dogwood Wealth Management LLC now owns 301,732 shares of the company’s stock valued at $13,702,000 after purchasing an additional 16,218 shares during the last quarter. Finally, Vicus Capital grew its stake in Fidelity Total Bond ETF by 2.6% during the 2nd quarter. Vicus Capital now owns 685,273 shares of the company’s stock valued at $31,351,000 after purchasing an additional 17,452 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

FBND stock opened at $46.14 on Thursday. The stock’s 50 day moving average is $46.25 and its two-hundred day moving average is $46.19. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The company has a market capitalization of $23.96 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 29th will be paid a $0.146 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, January 29th.

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.