Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 1,649 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors trimmed its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,991 shares of the company’s stock after selling 1,649 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Fidelity Total Bond ETF were worth $1,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FBND. Ashton Thomas Private Wealth LLC lifted its position in shares of Fidelity Total Bond ETF by 13.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 86,339 shares of the company’s stock worth $3,895,000 after purchasing an additional 10,010 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $661,000. Lindbrook Capital LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth about $32,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth about $196,442,000. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Fidelity Total Bond ETF by 53.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,638 shares of the company’s stock valued at $253,000 after acquiring an additional 1,970 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.56 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The company has a market cap of $17.92 billion, a P/E ratio of 9.09 and a beta of 0.26. The stock’s 50-day simple moving average is $45.15 and its 200 day simple moving average is $45.74.

Fidelity Total Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were paid a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.