Fortress Financial Group LLC Buys New Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Posted by Jessica Moore on Feb 28th, 2025

Fortress Financial Group LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 73,400 shares of the company’s stock, valued at approximately $3,293,000. Fidelity Total Bond ETF accounts for about 3.3% of Fortress Financial Group LLC’s holdings, making the stock its 8th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC acquired a new position in Fidelity Total Bond ETF in the 3rd quarter worth $25,000. Highline Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter worth about $54,000. Rothschild Investment LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $63,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $87,000.

Fidelity Total Bond ETF Trading Down 0.5 %

Shares of Fidelity Total Bond ETF stock opened at $45.66 on Friday. The stock has a 50-day moving average price of $45.07 and a 200 day moving average price of $45.77. The company has a market cap of $9.11 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th will be given a $0.163 dividend. The ex-dividend date of this dividend is Thursday, February 27th.

Fidelity Total Bond ETF Profile

(Free Report)

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.