Fidelity Total Bond ETF $FBND Shares Purchased by Clearstead Trust LLC

Clearstead Trust LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2,675.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,544 shares of the company’s stock after acquiring an additional 12,092 shares during the period. Clearstead Trust LLC’s holdings in Fidelity Total Bond ETF were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity Total Bond ETF by 6.1% during 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 purchasing an additional 4,963,926 shares during the period. Bank of America Corp DE boosted its position in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after purchasing an additional 629,015 shares during the period. Sagespring Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 1.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock worth $456,387,000 after buying an additional 136,223 shares during the last quarter. JPMorgan Chase & Co. increased its position in Fidelity Total Bond ETF by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after buying an additional 445,810 shares during the period. Finally, Dynasty Wealth Management LLC lifted its stake in 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 valued at $307,801,000 after buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $46.53 on Monday. The firm has a fifty day moving average of $46.22 and a 200-day moving average of $46.28. The company has a market cap of $24.34 billion, a price-to-earnings 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.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were paid a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 29th.

Fidelity Total Bond ETF Company 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.