Canvas Wealth Advisors LLC Has $3.03 Million Position in Fidelity Total Bond ETF $FBND

Canvas Wealth Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,316 shares of the company’s stock after acquiring an additional 11,013 shares during the period. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Total Bond ETF by 3.9% in the third 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 in the last quarter. Bank of America Corp DE lifted its stake in shares of Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after buying an additional 683,930 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after acquiring an additional 311,221 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after acquiring an additional 445,810 shares in the last quarter. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after acquiring an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.75 on Thursday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50-day simple moving average is $46.17 and its 200 day simple moving average is $46.31.

Fidelity Total Bond ETF Increases Dividend

The business 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. This represents a c) annualized dividend and a dividend yield of 4.2%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend 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.