BIP Wealth LLC Buys 20,565 Shares of Fidelity Total Bond ETF $FBND

BIP Wealth LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 314.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,095 shares of the company’s stock after purchasing an additional 20,565 shares during the quarter. BIP Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $1,247,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at approximately $32,000. Caldwell Trust Co bought a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at approximately $34,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at approximately $36,000. Maryland Capital Advisors Inc. increased its position 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 valued at $38,000 after purchasing an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at approximately $47,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.86 on Thursday. The company has a market cap of $25.21 billion, a P/E ratio of 8.94 and a beta of 0.29. The business’s 50 day moving average price is $46.07 and its 200-day moving average price is $46.25. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

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