W.G. Shaheen & Associates DBA Whitney & Co Acquires 39,455 Shares of Fidelity Total Bond ETF $FBND

W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 727,816 shares of the company’s stock after purchasing an additional 39,455 shares during the quarter. Fidelity Total Bond ETF comprises about 3.1% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 6th biggest holding. W.G. Shaheen & Associates DBA Whitney & Co owned 0.15% of Fidelity Total Bond ETF worth $33,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBND. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $34,000. Maryland Capital Advisors Inc. increased its stake in shares of Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares during the period. First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $47,000. Fifth Third Bancorp raised its holdings in Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter worth approximately $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $46.57 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The business’s fifty day moving average is $46.19 and its 200-day moving average is $46.26. The stock has a market cap of $24.36 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. Investors of record on Thursday, January 29th were issued a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 29th.

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.