Hicks Capital Management LLC Acquires New Holdings in Fidelity Total Bond ETF $FBND

Hicks Capital Management LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 226,269 shares of the company’s stock, valued at approximately $10,463,000. Fidelity Total Bond ETF comprises approximately 17.1% of Hicks Capital Management LLC’s investment portfolio, making the stock its biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after buying an additional 4,963,926 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its position in Fidelity Total Bond ETF by 4,220.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after acquiring an additional 1,970,997 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Fidelity Total Bond ETF by 64.3% in the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after acquiring an additional 1,412,766 shares during the period. Dynasty Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after purchasing an additional 786,693 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 41.4% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock valued at $120,997,000 after purchasing an additional 774,471 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

NYSEARCA FBND opened at $46.06 on Friday. The company has a 50-day moving average price of $46.24 and a 200-day moving average price of $46.19. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a market capitalization of $23.92 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be given a $0.146 dividend. The ex-dividend date is Thursday, January 29th. This represents a c) annualized dividend and a yield of 3.8%.

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.