Drake & Associates LLC Boosts Stake in Fidelity Total Bond ETF $FBND

Drake & Associates LLC boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 837,627 shares of the company’s stock after purchasing an additional 104,664 shares during the period. Fidelity Total Bond ETF comprises 8.1% of Drake & Associates LLC’s portfolio, making the stock its biggest holding. Drake & Associates LLC owned about 0.18% of Fidelity Total Bond ETF worth $38,698,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FBND. Plan A Wealth LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $437,000. Cibc World Market Inc. raised its stake in Fidelity Total Bond ETF by 34.8% during the third quarter. Cibc World Market Inc. now owns 6,078 shares of the company’s stock worth $281,000 after acquiring an additional 1,570 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Fidelity Total Bond ETF by 12.0% during the third quarter. Stratos Wealth Partners LTD. now owns 86,500 shares of the company’s stock valued at $4,000,000 after acquiring an additional 9,285 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 17.0% during the third quarter. Stratos Wealth Advisors LLC now owns 209,050 shares of the company’s stock valued at $9,666,000 after acquiring an additional 30,420 shares during the period. Finally, EnRich Financial Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 4.0% in the 3rd quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock valued at $21,975,000 after purchasing an additional 18,362 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $46.24 on Thursday. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50-day simple moving average is $46.18 and its 200-day simple moving average is $46.23. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were issued a dividend of $0.146 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.