Valley National Advisers Inc. Boosts Holdings in Fidelity Total Bond ETF $FBND

Valley National Advisers Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 589,112 shares of the company’s stock after acquiring an additional 104,496 shares during the period. Fidelity Total Bond ETF makes up approximately 3.8% of Valley National Advisers Inc.’s holdings, making the stock its 6th biggest position. Valley National Advisers Inc. owned approximately 0.11% of Fidelity Total Bond ETF worth $27,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FBND. Quadrant Capital Group LLC increased its position in shares of Fidelity Total Bond ETF by 0.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after purchasing an additional 241 shares during the last quarter. GWN Securities Inc. increased its position in shares of Fidelity Total Bond ETF by 1.3% during the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after purchasing an additional 277 shares during the last quarter. Insight Wealth Strategies LLC increased its position in shares of Fidelity Total Bond ETF by 1.6% during the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after purchasing an additional 281 shares during the last quarter. Finally, Capital CS Group LLC increased its position in shares of Fidelity Total Bond ETF by 4.8% during the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after purchasing an additional 286 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND opened at $45.79 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a market capitalization of $25.17 billion, a P/E ratio of 8.94 and a beta of 0.30. The company has a 50-day moving average price of $46.06 and a 200-day moving average price of $46.24.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared 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 represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th. This is an increase 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.