Huntington National Bank Has $40.92 Million Position in Fidelity Total Bond ETF $FBND

Huntington National Bank increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 885,040 shares of the company’s stock after buying an additional 80,743 shares during the quarter. Huntington National Bank’s holdings in Fidelity Total Bond ETF were worth $40,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $34,000. Clearstead Advisors LLC bought a new stake in Fidelity Total Bond ETF in the third quarter valued at $36,000. Maryland Capital Advisors Inc. grew its position 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. acquired a new position in Fidelity Total Bond ETF during the third quarter worth $47,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after acquiring an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $46.63 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The company’s fifty day moving average is $46.25 and its 200-day moving average is $46.30. The company has a market capitalization of $24.39 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th will be paid a dividend of $0.161 per share. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, February 26th.

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.