Betterment LLC Increases Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Betterment LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,107 shares of the company’s stock after purchasing an additional 8,994 shares during the period. Betterment LLC’s holdings in Fidelity Total Bond ETF were worth $2,652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FBND. Sagespring Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $395,300,000. Raymond James Financial Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth about $196,442,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 39.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after buying an additional 2,024,839 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth about $78,895,000. Finally, Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 142.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after purchasing an additional 1,725,938 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.4 %

Fidelity Total Bond ETF stock opened at $45.49 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.02 and a 52 week high of $47.30. The stock has a market cap of $18.33 billion, a P/E ratio of 9.01 and a beta of 0.27. The stock has a 50 day moving average of $45.44 and a 200-day moving average of $45.39.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th were issued a $0.163 dividend. The ex-dividend date was Friday, March 28th.

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.