Adapt Wealth Advisors LLC Makes New Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Adapt Wealth Advisors LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 90,087 shares of the company’s stock, valued at approximately $4,042,000. Fidelity Total Bond ETF accounts for 2.0% of Adapt Wealth Advisors LLC’s portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in FBND. Sagespring Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at $395,300,000. Raymond James Financial Inc. acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth $196,442,000. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 39.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after purchasing an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $78,895,000. Finally, Dynasty Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 142.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after purchasing an additional 1,725,938 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.43 on Friday. The stock has a 50-day simple moving average of $45.46 and a 200 day simple moving average of $45.39. Fidelity Total Bond ETF has a one year low of $44.15 and a one year high of $47.30. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 9.01 and a beta of 0.27.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were given a $0.163 dividend. The ex-dividend date of this dividend was Friday, March 28th.

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.