Accredited Wealth Management LLC Sells 115,463 Shares of Fidelity Total Bond ETF $FBND

Accredited Wealth Management LLC lowered its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 89.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,968 shares of the company’s stock after selling 115,463 shares during the period. Accredited Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $646,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $34,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Maryland Capital Advisors Inc. raised its stake 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 purchasing an additional 651 shares in the last quarter. First Command Advisory Services Inc. bought a new position in Fidelity Total Bond ETF in the third quarter worth $47,000. Finally, Fifth Third Bancorp boosted its stake in Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.63 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The firm has a market capitalization of $24.39 billion, a PE ratio of 8.94 and a beta of 0.28. The company’s fifty day moving average price is $46.25 and its two-hundred day moving average price is $46.30.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be given a $0.161 dividend. This represents a c) annualized dividend and a yield of 4.1%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is 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.