Flavin Financial Services Inc. Invests $7.21 Million in Fidelity Total Bond ETF $FBND

Flavin Financial Services Inc. acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 155,982 shares of the company’s stock, valued at approximately $7,213,000. Fidelity Total Bond ETF accounts for approximately 5.1% of Flavin Financial Services Inc.’s portfolio, making the stock its 2nd largest holding.

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

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.17 on Monday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The business has a fifty day moving average price of $46.25 and a 200-day moving average price of $46.32. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a $0.161 dividend. The ex-dividend date was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.