Fidelity Total Bond ETF $FBND is ABLE Financial Group LLC’s Largest Position

ABLE Financial Group LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 677,638 shares of the company’s stock after buying an additional 90,859 shares during the quarter. Fidelity Total Bond ETF accounts for 6.3% of ABLE Financial Group LLC’s portfolio, making the stock its largest position. ABLE Financial Group LLC owned about 0.13% of Fidelity Total Bond ETF worth $31,198,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Smith Moore & CO. boosted its stake in shares of Fidelity Total Bond ETF by 5.8% in the fourth quarter. Smith Moore & CO. now owns 39,187 shares of the company’s stock valued at $1,804,000 after purchasing an additional 2,150 shares during the period. Bright Financial Advisors Inc. boosted its stake in shares of Fidelity Total Bond ETF by 18.9% in the fourth quarter. Bright Financial Advisors Inc. now owns 37,537 shares of the company’s stock valued at $1,728,000 after purchasing an additional 5,959 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $1,838,000. Integrated Wealthcare LLC purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $8,960,000. Finally, Fifth Third Securities Inc. boosted its stake in shares of Fidelity Total Bond ETF by 52.3% in the fourth quarter. Fifth Third Securities Inc. now owns 60,015 shares of the company’s stock valued at $2,763,000 after purchasing an additional 20,619 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.79 on Monday. The company has a market capitalization of $25.17 billion, a PE ratio of 8.94 and a beta of 0.30. The firm has a fifty day simple moving average of $46.06 and a 200-day simple moving average of $46.24. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced 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 was Thursday, February 26th.

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.