Financial Strategies Group Inc. Purchases 28,780 Shares of Fidelity Total Bond ETF $FBND

Financial Strategies Group Inc. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 538,773 shares of the company’s stock after buying an additional 28,780 shares during the period. Fidelity Total Bond ETF makes up 4.8% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 5th largest holding. Financial Strategies Group Inc.’s holdings in Fidelity Total Bond ETF were worth $24,956,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FBND. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $27,000. Caldwell Trust Co bought a new position in Fidelity Total Bond ETF in the second quarter worth approximately $34,000. Maryland Capital Advisors Inc. grew its stake in Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth approximately $49,000.

Fidelity Total Bond ETF Trading Down 0.1%

Fidelity Total Bond ETF stock opened at $46.02 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s fifty day moving average price is $46.23 and its two-hundred day moving average price is $46.20.

Fidelity Total Bond ETF Cuts Dividend

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

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.