AssuredPartners Investment Advisors LLC Invests $504,000 in Fidelity Total Bond ETF (NYSEARCA:FBND)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,225 shares of the company’s stock, valued at approximately $504,000.

Several other hedge funds have also added to or reduced their stakes in FBND. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $25,000. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF in the fourth quarter valued at about $25,000. Lindbrook Capital LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at about $32,000. Rothschild Investment LLC bought a new position in Fidelity Total Bond ETF during the fourth quarter worth about $63,000. Finally, Glassman Wealth Services acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth about $70,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.45 on Friday. The stock has a market cap of $18.15 billion, a PE ratio of 9.03 and a beta of 0.26. The stock has a 50-day moving average of $45.39 and a 200-day moving average of $45.65. 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 announced a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were paid 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.