Raymond James Financial Inc. Acquires New Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Raymond James Financial Inc. acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,378,019 shares of the company’s stock, valued at approximately $196,442,000. Raymond James Financial Inc. owned 2.19% of Fidelity Total Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in Fidelity Total Bond ETF by 3.1% in the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after buying an additional 1,188 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares in the last quarter. Centerline Wealth Advisors LLC bought a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Fidelity Total Bond ETF by 3.5% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock valued at $28,452,000 after buying an additional 20,500 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.56 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The firm’s 50 day moving average price is $45.15 and its two-hundred day moving average price is $45.74. The firm has a market cap of $17.92 billion, a P/E ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were given 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.