Fidelity Total Bond ETF $FBND Stock Holdings Trimmed by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. lowered its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 66.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,030 shares of the company’s stock after selling 21,431 shares during the period. Lakeshore Capital Group Inc.’s holdings in Fidelity Total Bond ETF were worth $508,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. OLIO Financial Planning raised its stake in Fidelity Total Bond ETF by 5.8% during the 4th quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after acquiring an additional 53,318 shares in the last quarter. Legacy Wealth Management Inc increased its position in shares of Fidelity Total Bond ETF by 5.1% during the 4th quarter. Legacy Wealth Management Inc now owns 3,416,406 shares of the company’s stock valued at $157,291,000 after purchasing an additional 166,799 shares during the period. Sunburst Financial Group LLC increased its position in shares of Fidelity Total Bond ETF by 2.6% during the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after purchasing an additional 28,089 shares during the period. Leo Wealth LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $206,000. Finally, Sensenig Capital Advisors Inc acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $524,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.65 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The stock has a market cap of $25.03 billion, a PE ratio of 8.94 and a beta of 0.28. The business’s fifty day moving average is $46.09 and its 200-day moving average is $46.25.

Fidelity Total Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.161 per share. This is a boost 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 dividend yield of 4.2%.

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.