Axxcess Wealth Management LLC Decreases Holdings in Fidelity Total Bond ETF $FBND

Axxcess Wealth Management LLC lowered its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 223,222 shares of the company’s stock after selling 22,581 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $10,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after acquiring an additional 4,963,926 shares in the last quarter. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 5.4% during the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF by 1.4% during the third quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock worth $456,387,000 after purchasing an additional 136,223 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Total Bond ETF by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after purchasing an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in shares of Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after purchasing an additional 786,693 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.57 on Wednesday. The company has a market capitalization of $24.36 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The stock’s 50 day moving average price is $46.20 and its 200 day moving average price is $46.26.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were issued a $0.146 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 29th.

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.