Quadrant Capital Group LLC Increases Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Quadrant Capital Group LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 23.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 61,518 shares of the company’s stock after buying an additional 11,877 shares during the quarter. Quadrant Capital Group LLC’s holdings in Fidelity Total Bond ETF were worth $2,760,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $196,442,000. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $78,895,000. Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 142.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock valued at $131,936,000 after acquiring an additional 1,725,938 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $48,603,000.

Fidelity Total Bond ETF Stock Down 0.1 %

FBND opened at $45.90 on Friday. The company has a market capitalization of $18.77 billion, a PE ratio of 9.09 and a beta of 0.27. The firm has a 50-day simple moving average of $45.48 and a two-hundred day simple moving average of $45.58. 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 company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th were issued 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.