Fidelity Total Bond ETF $FBND Holdings Boosted by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 882,620 shares of the company’s stock after purchasing an additional 42,252 shares during the period. Fidelity Total Bond ETF accounts for 3.1% of Weatherly Asset Management L. P.’s holdings, making the stock its 5th biggest holding. Weatherly Asset Management L. P. owned 0.17% of Fidelity Total Bond ETF worth $40,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at approximately $32,000. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at $34,000. Clearstead Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $36,000. Maryland Capital Advisors Inc. lifted its stake in shares of Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Fidelity Total Bond ETF during the third quarter worth $47,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.61 on Thursday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company has a market capitalization of $23.85 billion, a P/E ratio of 8.94 and a beta of 0.28. The company’s 50-day simple moving average is $46.11 and its two-hundred day simple moving average is $46.27.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a $0.161 dividend. This represents a c) annualized dividend and a yield of 4.2%. 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.

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.