PFG Advisors Takes Position in Fidelity Total Bond ETF $FBND

PFG Advisors acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the third quarter, Holdings Channel reports. The firm acquired 423,202 shares of the company’s stock, valued at approximately $19,569,000. Fidelity Total Bond ETF accounts for approximately 0.8% of PFG Advisors’ holdings, making the stock its 18th biggest holding.

Several other large investors have also recently added to or reduced their stakes in FBND. Caldwell Trust Co acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth approximately $34,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $36,000. Maryland Capital Advisors Inc. grew its stake in shares of Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Fidelity Total Bond ETF in the third quarter worth $47,000. Finally, Fifth Third Bancorp increased its position in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of NYSEARCA FBND opened at $46.17 on Monday. The stock has a market cap of $24.15 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The business’s fifty day simple moving average is $46.25 and its 200-day simple moving average is $46.32.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were issued 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 was Thursday, February 26th. This represents a c) annualized dividend and a 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.