Miller Financial Services LLC Makes New $595,000 Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Miller Financial Services LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, Holdings Channel reports. The firm bought 13,251 shares of the company’s stock, valued at approximately $595,000.

Other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $25,000. PNC Financial Services Group Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $25,000. Lindbrook Capital LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth about $54,000. Finally, Rothschild Investment LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $63,000.

Fidelity Total Bond ETF Trading Up 0.4 %

Fidelity Total Bond ETF stock opened at $45.76 on Tuesday. The firm has a 50-day moving average price of $45.17 and a 200-day moving average price of $45.73. The firm has a market capitalization of $18.00 billion, a PE ratio of 9.09 and a beta of 0.26. 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 company also recently announced a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were issued a $0.163 dividend. The ex-dividend date of this dividend 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.