Fidelity Total Bond ETF $FBND is Centerline Wealth Advisors LLC’s 10th Largest Position

Centerline Wealth Advisors LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 278,291 shares of the company’s stock after selling 187,820 shares during the period. Fidelity Total Bond ETF comprises about 4.6% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Centerline Wealth Advisors LLC owned 0.05% of Fidelity Total Bond ETF worth $12,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in shares of Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares in the last quarter. RWA Wealth Partners LLC boosted its position in shares of Fidelity Total Bond ETF by 2.6% in the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after buying an additional 241 shares during the period. GWN Securities Inc. grew its holdings in shares of Fidelity Total Bond ETF by 1.3% during the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after buying an additional 277 shares in the last quarter. Insight Wealth Strategies LLC grew its holdings in shares of Fidelity Total Bond ETF by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after buying an additional 281 shares in the last quarter. Finally, Capital CS Group LLC raised its position in Fidelity Total Bond ETF by 4.8% during the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after buying an additional 286 shares during the period.

Fidelity Total Bond ETF Trading Down 0.8%

Shares of Fidelity Total Bond ETF stock opened at $45.51 on Monday. The stock has a 50-day moving average price of $46.20 and a 200 day moving average price of $46.32. The company has a market cap of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86.

Fidelity Total Bond ETF Increases Dividend

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

Fidelity Total Bond ETF Company 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.