Anchor Capital Advisors LLC Sells 23,450 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Anchor Capital Advisors LLC lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 31.5% in the fourth quarter, Holdings Channel reports. The firm owned 50,898 shares of the company’s stock after selling 23,450 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FBND. Bank of New York Mellon Corp acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at $78,895,000. Thrivent Financial for Lutherans lifted its position in shares of Fidelity Total Bond ETF by 85.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock worth $100,976,000 after buying an additional 992,739 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter valued at about $40,718,000. Valeo Financial Advisors LLC boosted its stake in Fidelity Total Bond ETF by 322.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock valued at $42,289,000 after buying an additional 719,592 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 94.0% in the fourth quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock valued at $62,577,000 after acquiring an additional 675,795 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

FBND stock opened at $45.89 on Friday. The firm has a 50-day moving average price of $45.09 and a 200-day moving average price of $45.77. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The stock has a market capitalization of $9.16 billion, a P/E ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF Cuts Dividend

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