Cape Investment Advisory Inc. Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cape Investment Advisory Inc. bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 20,362 shares of the company’s stock, valued at approximately $914,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC acquired a new stake in Fidelity Total Bond ETF during the 4th quarter valued at approximately $231,000. Maple Capital Management Inc. lifted its position in Fidelity Total Bond ETF by 5.9% during the fourth quarter. Maple Capital Management Inc. now owns 88,462 shares of the company’s stock valued at $3,969,000 after purchasing an additional 4,935 shares during the period. Goodwin Investment Advisory lifted its position in Fidelity Total Bond ETF by 11.1% during the fourth quarter. Goodwin Investment Advisory now owns 711,339 shares of the company’s stock valued at $31,939,000 after purchasing an additional 70,980 shares during the period. TD Capital Management LLC lifted its position in Fidelity Total Bond ETF by 11.4% during the fourth quarter. TD Capital Management LLC now owns 114,270 shares of the company’s stock valued at $5,127,000 after purchasing an additional 11,663 shares during the period. Finally, Fortress Financial Group LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at $3,293,000.

Fidelity Total Bond ETF Stock Up 0.5 %

Shares of FBND stock opened at $45.89 on Friday. The stock has a market cap of $9.16 billion, a PE ratio of 8.85 and a beta of 0.19. The business has a 50-day simple moving average of $45.09 and a 200-day simple moving average of $45.76. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week 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 issued a $0.163 dividend. The ex-dividend date of this dividend is Thursday, February 27th.

Fidelity Total Bond ETF Company 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.