TruWealth Advisors LLC Buys 122,932 Shares of Fidelity Total Bond ETF $FBND

TruWealth Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,808,295 shares of the company’s stock after purchasing an additional 122,932 shares during the quarter. Fidelity Total Bond ETF makes up 6.3% of TruWealth Advisors LLC’s investment portfolio, making the stock its largest holding. TruWealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $129,294,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in Fidelity Total Bond ETF during the second quarter worth approximately $34,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $36,000. Maryland Capital Advisors Inc. lifted its stake in shares of Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after buying an additional 651 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth $47,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares during the period.

Fidelity Total Bond ETF Trading Down 0.8%

NYSEARCA:FBND opened at $45.51 on Friday. The firm has a market capitalization of $23.80 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The firm’s fifty day simple moving average is $46.20 and its 200 day simple moving average is $46.31.

Fidelity Total Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were issued a dividend of $0.161 per share. This represents a c) dividend on an annualized basis 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.

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.