Arete Wealth Advisors LLC Buys 130,011 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Arete Wealth Advisors LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.0% during the fourth quarter, Holdings Channel reports. The firm owned 578,076 shares of the company’s stock after acquiring an additional 130,011 shares during the quarter. Fidelity Total Bond ETF makes up approximately 1.9% of Arete Wealth Advisors LLC’s portfolio, making the stock its 6th biggest holding. Arete Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $25,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $196,442,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 39.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock valued at $322,809,000 after purchasing an additional 2,024,839 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $78,895,000. Dynasty Wealth Management LLC grew its position in Fidelity Total Bond ETF by 142.1% during the 4th 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 last quarter. Finally, Modern Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $48,603,000.

Fidelity Total Bond ETF Trading Down 0.0 %

NYSEARCA:FBND opened at $45.72 on Thursday. The firm has a market cap of $18.26 billion, a P/E ratio of 9.03 and a beta of 0.26. The stock’s 50 day simple moving average is $45.44 and its 200-day simple moving average is $45.60. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month 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 paid 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.