Tower Wealth Partners Inc. Buys Shares of 66,707 Fidelity Total Bond ETF (NYSEARCA:FBND)

Tower Wealth Partners Inc. purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 66,707 shares of the company’s stock, valued at approximately $2,993,000. Fidelity Total Bond ETF makes up 1.6% of Tower Wealth Partners Inc.’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF in the third quarter worth approximately $25,000. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth $25,000. Lindbrook Capital LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth $32,000. Darwin Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the third quarter valued at about $54,000. Finally, Rothschild Investment LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $63,000.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.56 on Monday. The company has a market capitalization of $17.92 billion, a PE ratio of 9.09 and a beta of 0.26. The company has a 50-day simple moving average of $45.15 and a two-hundred day simple moving average of $45.73. 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 disclosed a dividend, which was paid on Monday, March 3rd. Investors 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 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.