Thrivent Financial for Lutherans Has $138.25 Million Stake in Fidelity Total Bond ETF $FBND

Thrivent Financial for Lutherans increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 37.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,989,730 shares of the company’s stock after buying an additional 816,419 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity Total Bond ETF were worth $138,245,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. grew its holdings in shares of Fidelity Total Bond ETF by 5.8% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 2,113,419 shares of the company’s stock worth $97,724,000 after purchasing an additional 115,073 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in Fidelity Total Bond ETF by 14.7% during the third quarter. Pittenger & Anderson Inc. now owns 53,038 shares of the company’s stock worth $2,452,000 after purchasing an additional 6,808 shares during the period. Valley Wealth Managers Inc. grew its stake in Fidelity Total Bond ETF by 4.5% during the third quarter. Valley Wealth Managers Inc. now owns 25,136 shares of the company’s stock worth $1,162,000 after buying an additional 1,083 shares in the last quarter. Hicks Capital Management LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter worth about $10,463,000. Finally, Paragon Advisors LLC increased its holdings in Fidelity Total Bond ETF by 26.3% in the 3rd quarter. Paragon Advisors LLC now owns 85,186 shares of the company’s stock valued at $3,939,000 after buying an additional 17,737 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of NYSEARCA:FBND opened at $46.02 on Friday. The firm has a 50 day moving average of $46.23 and a 200-day moving average of $46.20. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The stock has a market capitalization of $23.90 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be given a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, January 29th.

Fidelity Total Bond ETF Company 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.