Carnegie Investment Counsel Raises Stock Holdings in Fidelity Total Bond ETF $FBND

Carnegie Investment Counsel grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,222 shares of the company’s stock after acquiring an additional 25,910 shares during the quarter. Carnegie Investment Counsel’s holdings in Fidelity Total Bond ETF were worth $5,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FBND. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at $32,000. Caldwell Trust Co purchased a new stake in shares of 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 $36,000. Maryland Capital Advisors Inc. lifted its position 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 acquiring an additional 651 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF during the third quarter worth about $47,000.

Fidelity Total Bond ETF Trading Down 0.2%

NYSEARCA FBND opened at $45.79 on Friday. The business’s 50-day moving average price is $46.06 and its 200 day moving average price is $46.24. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The company has a market capitalization of $25.17 billion, a PE ratio of 8.94 and a beta of 0.30.

Fidelity Total Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.161 per share. This represents a c) annualized dividend and a 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.