Envestnet Asset Management Inc. Grows Stake in Fidelity Total Bond ETF $FBND

Envestnet Asset Management Inc. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,260,344 shares of the company’s stock after purchasing an additional 591,553 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Fidelity Total Bond ETF were worth $289,478,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Total Bond ETF by 6.1% in 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 during the last quarter. Bank of America Corp DE grew its holdings 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% in 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 during the last quarter. Dynasty Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after purchasing an additional 786,693 shares during the last quarter. Finally, Country Trust Bank raised its stake in Fidelity Total Bond ETF by 1.4% in the third quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock valued at $290,027,000 after purchasing an additional 86,070 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.93 on Thursday. The firm has a 50 day simple moving average of $46.20 and a two-hundred day simple moving average of $46.21. The stock has a market cap of $24.02 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

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

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.