Cyndeo Wealth Partners LLC Increases Stock Holdings in Fidelity Total Bond ETF $FBND

Cyndeo Wealth Partners LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 550,911 shares of the company’s stock after buying an additional 28,706 shares during the quarter. Fidelity Total Bond ETF makes up 1.4% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 10th biggest position. Cyndeo Wealth Partners LLC owned about 0.11% of Fidelity Total Bond ETF worth $25,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Caldwell Trust Co bought a new stake in Fidelity Total Bond ETF during the second quarter worth $34,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $36,000. Maryland Capital Advisors Inc. increased its stake in shares of Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after purchasing an additional 651 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $47,000. Finally, Fifth Third Bancorp raised its holdings in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after purchasing an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.51 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50-day moving average is $46.20 and its 200-day moving average is $46.32.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a $0.161 dividend. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, February 26th.

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.