Fidelity Total Bond ETF $FBND Shares Sold by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. cut its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 66.0% during the 4th quarter, Holdings Channel reports. The firm owned 11,030 shares of the company’s stock after selling 21,431 shares during the period. Lakeshore Capital Group Inc.’s holdings in Fidelity Total Bond ETF were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FBND. EverSource Wealth Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 19.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,451 shares of the company’s stock valued at $478,000 after purchasing an additional 1,672 shares during the period. Cerity Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Fidelity Total Bond ETF by 21.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 31,396 shares of the company’s stock worth $1,436,000 after acquiring an additional 5,612 shares during the last quarter. Financial Strategies Group Inc. grew its holdings in shares of Fidelity Total Bond ETF by 7.2% in the 2nd quarter. Financial Strategies Group Inc. now owns 509,993 shares of the company’s stock worth $23,164,000 after acquiring an additional 34,404 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 14.0% in the 2nd quarter. NewEdge Advisors LLC now owns 696,674 shares of the company’s stock worth $31,873,000 after acquiring an additional 85,294 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of NYSEARCA FBND opened at $45.65 on Tuesday. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s fifty day simple moving average is $46.09 and its 200 day simple moving average is $46.25. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

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

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.