Coyle Financial Counsel LLC Acquires 131,713 Shares of Fidelity Total Bond ETF $FBND

Coyle Financial Counsel LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 735,709 shares of the company’s stock after purchasing an additional 131,713 shares during the quarter. Fidelity Total Bond ETF accounts for about 7.8% of Coyle Financial Counsel LLC’s holdings, making the stock its 3rd biggest holding. Coyle Financial Counsel LLC owned about 0.15% of Fidelity Total Bond ETF worth $34,019,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after acquiring an additional 4,963,926 shares during the period. Bank of America Corp DE grew its stake in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in Fidelity Total Bond ETF by 1.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock worth $456,387,000 after purchasing an additional 136,223 shares during the period. JPMorgan Chase & Co. raised its position in Fidelity Total Bond ETF by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after purchasing an additional 445,810 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after buying an additional 786,693 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.53 on Friday. The business has a 50-day simple moving average of $46.22 and a 200-day simple moving average of $46.27. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company has a market cap of $24.34 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given a $0.146 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis 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.