Fidelity Total Bond ETF $FBND is Pallas Capital Advisors LLC’s 9th Largest Position

Pallas Capital Advisors LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 875,591 shares of the company’s stock after purchasing an additional 75,700 shares during the quarter. Fidelity Total Bond ETF accounts for 1.3% of Pallas Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Pallas Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $40,312,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FBND. Rialto Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $32,000. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $34,000. Clearstead Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $36,000. Maryland Capital Advisors Inc. grew its stake in Fidelity Total Bond ETF by 378.5% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at about $47,000.

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA:FBND opened at $45.43 on Friday. The company has a market capitalization of $23.76 billion, a P/E ratio of 8.94 and a beta of 0.28. The firm has a 50-day moving average price of $46.14 and a two-hundred day moving average price of $46.29. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a $0.161 dividend. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, February 26th.

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.