Lokken Investment Group LLC Purchases 18,754 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Lokken Investment Group LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 144,471 shares of the company’s stock after purchasing an additional 18,754 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 2.8% of Lokken Investment Group LLC’s portfolio, making the stock its 8th biggest holding. Lokken Investment Group LLC’s holdings in Fidelity Total Bond ETF were worth $6,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after buying an additional 1,188 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Fidelity Total Bond ETF by 0.9% during the 3rd quarter. Captrust Financial Advisors now owns 80,052 shares of the company’s stock worth $3,742,000 after acquiring an additional 680 shares during the period. Arete Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 78.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after acquiring an additional 196,783 shares during the last quarter. Flow Traders U.S. LLC raised its stake in Fidelity Total Bond ETF by 12.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 11,360 shares of the company’s stock valued at $531,000 after acquiring an additional 1,288 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 695,249 shares of the company’s stock valued at $32,481,000 after purchasing an additional 58,405 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.65 on Tuesday. The company has a market cap of $18.23 billion, a P/E ratio of 9.03 and a beta of 0.26. The firm’s fifty day moving average price is $45.42 and its two-hundred day moving average price is $45.61. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 28th will be paid a $0.163 dividend. The ex-dividend date of this dividend is Friday, March 28th.

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.