Fidelity Total Bond ETF $FBND Shares Sold by PKS Advisory Services LLC

PKS Advisory Services LLC lessened its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.8% during the 3rd quarter, Holdings Channel reports. The fund owned 95,751 shares of the company’s stock after selling 18,028 shares during the quarter. Fidelity Total Bond ETF comprises 0.9% of PKS Advisory Services LLC’s portfolio, making the stock its 16th largest holding. PKS Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $4,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FBND. RWA Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 2.6% during the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after purchasing an additional 241 shares during the last quarter. GWN Securities Inc. boosted its holdings in Fidelity Total Bond ETF by 1.3% in the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after purchasing an additional 277 shares during the last quarter. Insight Wealth Strategies LLC grew its stake in shares of Fidelity Total Bond ETF by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after buying an additional 281 shares during the period. Capital CS Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 4.8% during the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after buying an additional 286 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 8.9% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 3,508 shares of the company’s stock worth $162,000 after buying an additional 288 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.63 on Monday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The firm has a market cap of $24.39 billion, a PE ratio of 8.94 and a beta of 0.28. The firm’s 50 day moving average price is $46.25 and its 200-day moving average price is $46.30.

Fidelity Total Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th will be given a $0.161 dividend. 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 4.1%. The ex-dividend date is 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.