HUB Investment Partners LLC Has $55.07 Million Stock Holdings in Fidelity Total Bond ETF $FBND

HUB Investment Partners LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,191,019 shares of the company’s stock after buying an additional 41,659 shares during the quarter. Fidelity Total Bond ETF comprises approximately 1.8% of HUB Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. HUB Investment Partners LLC owned about 0.25% of Fidelity Total Bond ETF worth $55,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. EnRich Financial Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock valued at $21,975,000 after acquiring an additional 18,362 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in Fidelity Total Bond ETF by 2.2% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock worth $45,594,000 after buying an additional 21,091 shares during the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of Fidelity Total Bond ETF by 8.6% during the third quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock valued at $38,980,000 after buying an additional 66,885 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Fidelity Total Bond ETF by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after acquiring an additional 42,304 shares in the last quarter. Finally, Drake & Associates LLC raised its holdings in shares of Fidelity Total Bond ETF by 14.3% in the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after acquiring an additional 104,664 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.17 on Friday. The business has a 50-day simple moving average of $46.25 and a two-hundred day simple moving average of $46.31. The company has a market capitalization of $24.15 billion, a P/E 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.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a $0.161 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.