Fidelity Total Bond ETF $FBND Shares Acquired by Legacy Wealth Management Inc

Legacy Wealth Management Inc lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,416,406 shares of the company’s stock after acquiring an additional 166,799 shares during the period. Fidelity Total Bond ETF accounts for about 9.1% of Legacy Wealth Management Inc’s holdings, making the stock its 5th biggest position. Legacy Wealth Management Inc owned approximately 0.66% of Fidelity Total Bond ETF worth $157,291,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Rialto Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter worth $32,000. Caldwell Trust Co acquired a new position in Fidelity Total Bond ETF in the second quarter valued at $34,000. Clearstead Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at about $36,000. Maryland Capital Advisors Inc. raised its holdings 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 valued at $38,000 after buying an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth about $47,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.71 on Monday. The stock’s 50-day moving average price is $46.10 and its 200 day moving average price is $46.26. The stock has a market capitalization of $25.07 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid a dividend of $0.161 per share. 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 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.