Concurrent Investment Advisors LLC Purchases 218,164 Shares of Fidelity Total Bond ETF $FBND

Concurrent Investment Advisors LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 196.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 328,956 shares of the company’s stock after acquiring an additional 218,164 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.06% of Fidelity Total Bond ETF worth $15,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $36,000. Maryland Capital Advisors Inc. grew its stake in shares of Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $47,000. Finally, Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $49,000.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of Fidelity Total Bond ETF stock opened at $45.96 on Friday. The company’s fifty day simple moving average is $46.02 and its 200-day simple moving average is $46.21. The company has a market cap of $25.55 billion, a price-to-earnings ratio of 8.94 and a beta of 0.30. Fidelity Total Bond ETF has a 1 year low of $44.73 and a 1 year 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. Shareholders of record on Thursday, February 26th were paid a dividend of $0.161 per share. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, February 26th.

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.