302,947 Shares in Fidelity Total Bond ETF (NYSEARCA:FBND) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 302,947 shares of the company’s stock, valued at approximately $13,666,000. Fidelity Total Bond ETF accounts for 1.2% of OneAscent Financial Services LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also modified their holdings of FBND. Raymond James Financial Inc. acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $196,442,000. JPMorgan Chase & Co. increased its position in Fidelity Total Bond ETF by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after buying an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $78,895,000. Dynasty Wealth Management LLC increased its stake in shares of Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after purchasing an additional 1,725,938 shares during the period. Finally, Modern Wealth Management LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $48,603,000.

Fidelity Total Bond ETF Trading Up 0.2 %

Shares of FBND stock opened at $45.73 on Wednesday. The stock has a 50 day simple moving average of $45.43 and a 200 day simple moving average of $45.60. The stock has a market cap of $18.26 billion, a P/E ratio of 9.03 and a beta of 0.26. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 28th were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, March 28th.

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.