Farther Finance Advisors LLC Purchases 189,226 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Farther Finance Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3,817.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,183 shares of the company’s stock after acquiring an additional 189,226 shares during the quarter. Farther Finance Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $8,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. Rockefeller Capital Management L.P. boosted its holdings in Fidelity Total Bond ETF by 3.1% in the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after acquiring an additional 1,188 shares during the last quarter. Arete Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 78.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after purchasing an additional 520,113 shares during the last quarter. Centerline Wealth Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of Fidelity Total Bond ETF by 3.5% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock worth $28,452,000 after buying an additional 20,500 shares during the period.

Fidelity Total Bond ETF Stock Down 0.4 %

FBND stock opened at $45.59 on Wednesday. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26. The company’s fifty day simple moving average is $45.18 and its 200 day simple moving average is $45.72. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were given a dividend of $0.163 per share. The ex-dividend date was Thursday, February 27th.

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.