Oppenheimer & Co. Inc. Reduces Position in Fidelity Total Bond ETF $FBND

Oppenheimer & Co. Inc. decreased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 232,600 shares of the company’s stock after selling 55,791 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Fidelity Total Bond ETF were worth $10,755,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Bank of America Corp DE raised its holdings in Fidelity Total Bond ETF by 5.4% in the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after acquiring an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in Fidelity Total Bond ETF by 1.4% in the third quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock valued at $456,387,000 after acquiring an additional 136,223 shares in the last quarter. Dynasty Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 13.4% during the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after acquiring an additional 786,693 shares during the last quarter. Finally, Country Trust Bank grew its holdings in Fidelity Total Bond ETF by 1.4% during the 3rd quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock worth $290,027,000 after acquiring an additional 86,070 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.17 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The firm’s 50-day simple moving average is $46.18 and its 200-day simple moving average is $46.23. The firm has a market cap of $24.15 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were given a $0.146 dividend. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 3.8%.

About Fidelity Total Bond ETF

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.