Register Financial Advisors LLC Acquires New Position in Fidelity Total Bond ETF

Register Financial Advisors LLC, an institutional investor, recently established a new position in the Fidelity Total Bond ETF (NYSEARCA:FBND), as disclosed in their latest SEC filing. During the third quarter, the firm invested in 1,857 shares of the ETF, which were valued at approximately $81,000. This move signifies the company's growing interest in the fixed-income market, represented by this diversified bond ETF.

Investment Activity in FBND

The acquisition by Register Financial Advisors LLC is part of a broader trend where various hedge funds and investment groups have been adjusting their stakes in the Fidelity Total Bond ETF. Notably, Nwam LLC increased its position by 3.5% in the second quarter, reaching 7,534 shares valued around $342,000. Similarly, Quad Cities Investment Group LLC upped their investment by 3.4% to hold 7,964 shares worth $362,000. Another firm, McElhenny Sheffield Capital Management LLC, expanded its FBND shares by 3.9% during the third quarter with a total investment of $321,000. Spinnaker Trust and Stone House Investment Management LLC also raised their holdings, indicating a consistent interest in the bond ETF among institutional investors.

FBND Market Performance and Dividend Information

As of the recent market opening, FBND was priced at $46.07. The ETF has a significant market capitalization of $4.42 billion, a P/E ratio of 12.64, and a beta of 0.17, showcasing its potentially stable nature within the market. Investors have observed its price movement, with a fifty day simple moving average at $44.14 and a 200-day average at $44.52. Fidelity Total Bond ETF's 12-month range spanned from a low of $42.45 to a high of $46.96.

The Fidelity Total Bond ETF recently increased its dividend payout ratio, adding to its appeal among shareholders. Following the latest distribution, stockholders received $0.177 per share on November 1st, a rise from the previous dividend. This was for those who were on record by October 30th, with the ex-dividend date being October 27th.

About Fidelity Total Bond ETF

The ETF seeks to offer investors broad exposure to the U.S. bond market and primarily tracks the Bloomberg U.S. Universal Bond Index. Since its inception on October 6, 2014, Fidelity has been actively managing the ETF, guiding its allocations with a close eye on sector and duration, aiming to reflect the underlying index’s performance.

RegisterFinancial, FBND, Fidelity