Lake Street Advisors Group LLC Trims Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Lake Street Advisors Group LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,106 shares of the company’s stock after selling 1,046 shares during the period. Lake Street Advisors Group LLC’s holdings in Fidelity Total Bond ETF were worth $1,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Northwest Capital Management Inc purchased a new stake in Fidelity Total Bond ETF during the second quarter worth about $34,000. Farmers & Merchants Investments Inc. purchased a new stake in Fidelity Total Bond ETF during the second quarter worth about $44,000. Money Concepts Capital Corp purchased a new stake in Fidelity Total Bond ETF during the fourth quarter worth about $46,000. Private Trust Co. NA increased its stake in Fidelity Total Bond ETF by 950.0% during the second quarter. Private Trust Co. NA now owns 1,050 shares of the company’s stock worth $48,000 after purchasing an additional 950 shares during the period. Finally, Bogart Wealth LLC increased its stake in Fidelity Total Bond ETF by 119.8% during the second quarter. Bogart Wealth LLC now owns 1,101 shares of the company’s stock worth $50,000 after purchasing an additional 600 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2 %

NYSEARCA:FBND traded up $0.07 on Friday, reaching $44.13. 1,626,412 shares of the company’s stock were exchanged, compared to its average volume of 797,253. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.64 and a beta of 0.17. The business has a fifty day moving average of $43.50 and a 200-day moving average of $44.63. Fidelity Total Bond ETF has a 52-week low of $42.45 and a 52-week high of $46.96.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 30th were paid a dividend of $0.177 per share. This is a positive change from Fidelity Total Bond ETF’s previous dividend of $0.15. The ex-dividend date was Friday, October 27th.

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.