W.G. Shaheen & Associates DBA Whitney & Co Acquires 39,455 Shares of Fidelity Total Bond ETF $FBND

W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 727,816 shares of the company’s stock after buying an additional 39,455 shares during the period. Fidelity Total Bond ETF makes up about 3.1% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 6th largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Fidelity Total Bond ETF were worth $33,654,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FBND. Madison Wealth Partners Inc raised its position in shares of Fidelity Total Bond ETF by 8.9% during the second quarter. Madison Wealth Partners Inc now owns 133,676 shares of the company’s stock worth $6,116,000 after purchasing an additional 10,945 shares during the period. Salus Financial Advisors LLC increased its stake in Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Salus Financial Advisors LLC now owns 280,343 shares of the company’s stock worth $12,826,000 after purchasing an additional 7,337 shares in the last quarter. Canvas Wealth Advisors LLC raised its holdings in Fidelity Total Bond ETF by 81.4% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 51,395 shares of the company’s stock worth $2,342,000 after buying an additional 23,067 shares during the period. Pittenger & Anderson Inc. lifted its stake in Fidelity Total Bond ETF by 11.6% during the second quarter. Pittenger & Anderson Inc. now owns 46,230 shares of the company’s stock valued at $2,115,000 after buying an additional 4,795 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 107.9% in the second quarter. Cullen Frost Bankers Inc. now owns 24,914 shares of the company’s stock worth $1,140,000 after buying an additional 12,930 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $46.57 on Tuesday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The firm’s 50 day simple moving average is $46.19 and its 200-day simple moving average is $46.26. The company has a market cap of $24.36 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, January 29th.

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.