King Wealth Management Group Buys 240 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

King Wealth Management Group lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,930 shares of the company’s stock after purchasing an additional 240 shares during the quarter. King Wealth Management Group’s holdings in Fidelity Total Bond ETF were worth $1,074,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FBND. Savvy Advisors Inc. bought a new position in Fidelity Total Bond ETF during the third quarter valued at $202,000. Kovack Advisors Inc. bought a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $380,000. Linscomb Wealth Inc. lifted its stake in Fidelity Total Bond ETF by 8.1% in the third quarter. Linscomb Wealth Inc. now owns 183,572 shares of the company’s stock worth $8,580,000 after purchasing an additional 13,686 shares during the last quarter. Seelaus Asset Management LLC boosted its position in shares of Fidelity Total Bond ETF by 38.8% during the third quarter. Seelaus Asset Management LLC now owns 6,910 shares of the company’s stock valued at $323,000 after buying an additional 1,930 shares during the period. Finally, Paragon Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 4.0% in the third quarter. Paragon Advisors LLC now owns 89,382 shares of the company’s stock worth $4,178,000 after buying an additional 3,399 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of Fidelity Total Bond ETF stock opened at $45.59 on Friday. The stock’s fifty day moving average is $45.21 and its two-hundred day moving average is $45.72. 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 capitalization of $17.93 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

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

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.