Kestra Advisory Services LLC Acquires 203,399 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Kestra Advisory Services LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,072,896 shares of the company’s stock after buying an additional 203,399 shares during the period. Fidelity Total Bond ETF accounts for approximately 0.8% of Kestra Advisory Services LLC’s investment portfolio, making the stock its 16th biggest holding. Kestra Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $138,612,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FBND. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $25,000. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $25,000. Lindbrook Capital LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth $32,000. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the third quarter worth $54,000. Finally, Rothschild Investment LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth $63,000.

Fidelity Total Bond ETF Stock Down 0.2 %

NYSEARCA FBND opened at $45.52 on Friday. The company has a 50-day simple moving average of $45.22 and a two-hundred day simple moving average of $45.71. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were paid a dividend of $0.163 per share. 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.