Nwam LLC Trims Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Nwam LLC cut its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,969 shares of the company’s stock after selling 3,503 shares during the period. Nwam LLC’s holdings in Fidelity Total Bond ETF were worth $1,793,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after purchasing an additional 1,188 shares during the period. Arete Wealth Advisors LLC raised its stake in Fidelity Total Bond ETF by 78.3% during the third quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares during the period. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares during the period. Centerline Wealth Advisors LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter worth about $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Fidelity Total Bond ETF by 3.5% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock worth $28,452,000 after purchasing an additional 20,500 shares during the period.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.66 on Friday. The company’s 50 day simple moving average is $45.07 and its 200-day simple moving average is $45.77. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th will be paid a $0.163 dividend. The ex-dividend date is Thursday, February 27th.

About Fidelity Total Bond ETF

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.