Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Holdings Boosted by Bridgewealth Advisory Group LLC

Bridgewealth Advisory Group LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,388 shares of the company’s stock after purchasing an additional 82,660 shares during the quarter. Fidelity Total Bond ETF makes up about 5.2% of Bridgewealth Advisory Group LLC’s investment portfolio, making the stock its 5th largest position. Bridgewealth Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $18,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sagespring Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth approximately $395,300,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $196,442,000. JPMorgan Chase & Co. increased its stake in Fidelity Total Bond ETF by 39.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after acquiring an additional 2,024,839 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Fidelity Total Bond ETF during the 4th quarter valued at $78,895,000. Finally, Dynasty Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 142.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 2,940,413 shares of the company’s stock worth $131,936,000 after buying an additional 1,725,938 shares during the period.

Fidelity Total Bond ETF Stock Down 0.0 %

Shares of NYSEARCA:FBND opened at $45.61 on Wednesday. The business’s 50 day moving average is $45.46 and its 200 day moving average is $45.39. The stock has a market cap of $18.38 billion, a P/E ratio of 9.01 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.02 and a 52-week high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 28th were given a $0.163 dividend. The ex-dividend date of this dividend was Friday, March 28th.

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.