Flagship Harbor Advisors LLC Boosts Stake in Fidelity Total Bond ETF $FBND

Flagship Harbor Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,622 shares of the company’s stock after buying an additional 16,710 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $4,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Country Trust Bank boosted its stake in shares of Fidelity Total Bond ETF by 1.9% in the fourth quarter. Country Trust Bank now owns 6,392,262 shares of the company’s stock valued at $294,300,000 after buying an additional 120,048 shares in the last quarter. OLIO Financial Planning boosted its stake in shares of Fidelity Total Bond ETF by 5.8% in the fourth quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after buying an additional 53,318 shares in the last quarter. Legacy Wealth Management Inc boosted its stake in shares of Fidelity Total Bond ETF by 5.1% in the fourth quarter. Legacy Wealth Management Inc now owns 3,416,406 shares of the company’s stock valued at $157,291,000 after buying an additional 166,799 shares in the last quarter. Sunburst Financial Group LLC boosted its stake in shares of Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after buying an additional 28,089 shares in the last quarter. Finally, Leo Wealth LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at approximately $206,000.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.65 on Tuesday. The stock’s 50 day moving average price is $46.09 and its 200 day moving average price is $46.25. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The company has a market cap of $25.03 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a dividend of $0.161 per share. The ex-dividend date was Thursday, February 26th. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend 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.