Brookstone Capital Management Has $37.14 Million Position in Fidelity Total Bond ETF $FBND

Brookstone Capital Management raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 806,708 shares of the company’s stock after acquiring an additional 87,421 shares during the quarter. Brookstone Capital Management owned about 0.16% of Fidelity Total Bond ETF worth $37,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares during the last quarter. Bank of America Corp DE increased its holdings in Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after purchasing an additional 683,930 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after buying an additional 311,221 shares during the period. JPMorgan Chase & Co. lifted its stake 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 valued at $425,381,000 after buying an additional 445,810 shares during the period. Finally, Dynasty Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

Fidelity Total Bond ETF stock opened at $45.48 on Tuesday. The firm has a market capitalization of $23.79 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. The business has a 50-day moving average of $46.13 and a 200-day moving average of $46.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a dividend of $0.161 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th. 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.