Nwam LLC Trims Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Nwam LLC lessened its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,969 shares of the company’s stock after selling 3,503 shares during the period. Nwam LLC’s holdings in Fidelity Total Bond ETF were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. NewEdge Wealth LLC raised its holdings in shares of Fidelity Total Bond ETF by 69.8% during the fourth quarter. NewEdge Wealth LLC now owns 38,818 shares of the company’s stock worth $1,742,000 after purchasing an additional 15,952 shares during the last quarter. Riverpoint Wealth Management Holdings LLC grew its position in Fidelity Total Bond ETF by 24.6% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 449,168 shares of the company’s stock valued at $20,154,000 after buying an additional 88,820 shares during the period. CPA Asset Management LLC grew its position in Fidelity Total Bond ETF by 4.4% during the fourth quarter. CPA Asset Management LLC now owns 591,155 shares of the company’s stock valued at $26,525,000 after buying an additional 25,081 shares during the period. Bank of New York Mellon Corp acquired a new stake in Fidelity Total Bond ETF during the fourth quarter valued at $78,895,000. Finally, Transcendent Capital Group LLC grew its position in Fidelity Total Bond ETF by 11.1% during the fourth quarter. Transcendent Capital Group LLC now owns 34,705 shares of the company’s stock valued at $1,557,000 after buying an additional 3,476 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.66 on Friday. The firm has a market cap of $9.11 billion, a PE ratio of 8.85 and a beta of 0.19. The firm’s fifty day moving average is $45.07 and its 200 day moving average is $45.77. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 27th will be given a dividend of $0.163 per share. The ex-dividend date is 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.