Financial Management Network Inc. Grows Position in Fidelity Total Bond ETF $FBND

Financial Management Network Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,217 shares of the company’s stock after purchasing an additional 20,803 shares during the period. Financial Management Network Inc.’s holdings in Fidelity Total Bond ETF were worth $5,673,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in shares of Fidelity Total Bond ETF by 3.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fidelity Total Bond ETF by 5.1% in the 3rd 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 boosted its holdings 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 acquiring an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.8%

Shares of Fidelity Total Bond ETF stock opened at $45.51 on Monday. The business’s fifty day moving average price is $46.20 and its 200 day moving average price is $46.32. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The stock has a market capitalization of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

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

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.