Lebenthal Global Advisors LLC Sells 150,858 Shares of Fidelity Total Bond ETF $FBND

Lebenthal Global Advisors LLC trimmed its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 45.5% during the fourth quarter, HoldingsChannel reports. The firm owned 180,335 shares of the company’s stock after selling 150,858 shares during the quarter. Fidelity Total Bond ETF comprises 1.3% of Lebenthal Global Advisors LLC’s portfolio, making the stock its 20th largest holding. Lebenthal Global Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $8,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FBND. Cerity Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares in the last quarter. Betterment LLC raised its holdings in shares of Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $49,000. Graney & King LLC raised its holdings in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares during the period.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of NYSEARCA:FBND opened at $45.89 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86. The company’s fifty day simple moving average is $46.03 and its 200 day simple moving average is $46.22. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.30.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a dividend of $0.161 per share. The ex-dividend date was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.