Titleist Asset Management LLC Has $3.20 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Titleist Asset Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,402 shares of the company’s stock after purchasing an additional 911 shares during the quarter. Titleist Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $3,204,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Rockefeller Capital Management L.P. increased its stake in Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after purchasing an additional 1,188 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 78.3% in the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock valued at $20,923,000 after buying an additional 196,783 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after acquiring an additional 520,113 shares in the last quarter. Centerline Wealth Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $15,492,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Fidelity Total Bond ETF by 367.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,438 shares of the company’s stock worth $738,000 after acquiring an additional 12,922 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1 %

Shares of NYSEARCA FBND opened at $45.90 on Friday. The company has a fifty day moving average price of $45.48 and a 200 day moving average price of $45.58. The firm has a market cap of $18.77 billion, a PE ratio of 9.09 and a beta of 0.27. 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 declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were issued a $0.163 dividend. The ex-dividend date of this dividend was Friday, March 28th.

About Fidelity Total Bond ETF

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.