Navalign LLC Purchases 36,158 Shares of Fidelity Total Bond ETF $FBND

Navalign LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 939,073 shares of the company’s stock after purchasing an additional 36,158 shares during the quarter. Fidelity Total Bond ETF makes up about 11.5% of Navalign LLC’s portfolio, making the stock its largest position. Navalign LLC owned 0.20% of Fidelity Total Bond ETF worth $43,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bank of Montreal Can grew its holdings in Fidelity Total Bond ETF by 18.4% during the 2nd quarter. Bank of Montreal Can now owns 15,762 shares of the company’s stock worth $721,000 after acquiring an additional 2,455 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Fidelity Total Bond ETF by 21.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 349,715 shares of the company’s stock valued at $15,999,000 after purchasing an additional 61,741 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Fidelity Total Bond ETF by 14.0% in the 1st quarter. Summit Investment Advisors Inc. now owns 10,135 shares of the company’s stock valued at $463,000 after purchasing an additional 1,241 shares during the period. Summit X LLC boosted its position in shares of Fidelity Total Bond ETF by 55.9% during the 2nd quarter. Summit X LLC now owns 316,541 shares of the company’s stock valued at $14,482,000 after purchasing an additional 113,484 shares in the last quarter. Finally, Nwam LLC boosted its position in shares of Fidelity Total Bond ETF by 28.2% during the 2nd quarter. Nwam LLC now owns 49,362 shares of the company’s stock valued at $2,246,000 after purchasing an additional 10,863 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $46.17 on Monday. The stock has a market capitalization of $24.15 billion, a P/E ratio of 8.94 and a beta of 0.28. The business has a 50 day simple moving average of $46.25 and a 200 day simple moving average of $46.32. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.161 per share. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Fidelity Total Bond ETF 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.