Fidelity Total Bond ETF $FBND is Harbor Group Inc.’s 4th Largest Position

Harbor Group Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,031,304 shares of the company’s stock after acquiring an additional 21,839 shares during the period. Fidelity Total Bond ETF accounts for about 7.1% of Harbor Group Inc.’s portfolio, making the stock its 4th biggest position. Harbor Group Inc.’s holdings in Fidelity Total Bond ETF were worth $47,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $32,000. Caldwell Trust Co bought a new position in shares of Fidelity Total Bond ETF during the second quarter valued at about $34,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF during the third quarter worth about $36,000. Maryland Capital Advisors Inc. boosted its holdings in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after purchasing an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $47,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.69 on Tuesday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a 50-day moving average price of $46.19 and a two-hundred day moving average price of $46.32. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.161 per share. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.