Howe & Rusling Inc. Takes $481,000 Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Howe & Rusling Inc. purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,709 shares of the company’s stock, valued at approximately $481,000.

A number of other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $196,442,000. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 39.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after buying an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Fidelity Total Bond ETF during the fourth quarter valued at about $78,895,000. Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after buying an additional 1,725,938 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth about $48,603,000.

Fidelity Total Bond ETF Stock Down 0.1 %

Shares of FBND stock opened at $45.45 on Friday. The firm has a market cap of $18.15 billion, a P/E ratio of 9.03 and a beta of 0.26. The company has a 50 day moving average of $45.39 and a 200-day moving average of $45.65. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month 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 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.