Graney & King LLC Invests $1.86 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

Graney & King LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,495 shares of the company’s stock, valued at approximately $1,862,000. Fidelity Total Bond ETF comprises about 1.4% of Graney & King LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Great Valley Advisor Group Inc. increased its position in shares of Fidelity Total Bond ETF by 455.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 30,010 shares of the company’s stock worth $1,403,000 after purchasing an additional 24,608 shares during the last quarter. Boston Family Office LLC bought a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $551,000. FMR LLC lifted its stake in Fidelity Total Bond ETF by 2.2% in the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock valued at $589,118,000 after purchasing an additional 267,811 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Fidelity Total Bond ETF by 45.7% during the 3rd quarter. D.A. Davidson & CO. now owns 99,133 shares of the company’s stock valued at $4,634,000 after acquiring an additional 31,105 shares in the last quarter. Finally, Insight Wealth Partners LLC increased its stake in shares of Fidelity Total Bond ETF by 6.8% in the third quarter. Insight Wealth Partners LLC now owns 165,542 shares of the company’s stock valued at $7,737,000 after buying an additional 10,470 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $45.60 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The business has a 50-day moving average of $45.37 and a 200-day moving average of $45.65. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 9.03 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were issued a $0.163 dividend. The ex-dividend date was Thursday, February 27th.

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.