Fidelity Total Bond ETF $FBND Shares Acquired by Crane Advisory LLC

Crane Advisory LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 90.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,009,529 shares of the company’s stock after buying an additional 479,519 shares during the period. Fidelity Total Bond ETF comprises 7.0% of Crane Advisory LLC’s portfolio, making the stock its 7th biggest holding. Crane Advisory LLC owned approximately 0.20% of Fidelity Total Bond ETF worth $46,570,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $32,000. Caldwell Trust Co acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $34,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Maryland Capital Advisors Inc. increased its position in shares of Fidelity Total Bond ETF by 378.5% during 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 during the period. Finally, First Command Advisory Services Inc. bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $47,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $45.43 on Monday. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. 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 simple moving average of $46.14 and a 200 day simple moving average of $46.29.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid 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 4.3%. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.