Summit Wealth Partners LLC Takes Position in Fidelity Total Bond ETF $FBND

Summit Wealth Partners LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 36,185 shares of the company’s stock, valued at approximately $1,666,000.

A number of other institutional investors have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after buying an additional 3,390,440 shares during the period. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares in the last quarter. Sagespring Wealth Partners LLC grew its position in Fidelity Total Bond ETF by 3.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after purchasing an additional 311,221 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Fidelity Total Bond ETF by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after purchasing an additional 445,810 shares during the period. Finally, Dynasty Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 13.4% during the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after purchasing an additional 786,693 shares during the period.

Fidelity Total Bond ETF Stock Up 0.4%

FBND opened at $46.05 on Friday. The firm has a market capitalization of $25.43 billion, a P/E ratio of 8.94 and a beta of 0.30. The stock has a fifty day moving average of $46.06 and a 200-day moving average of $46.23. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed 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. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, February 26th. This is a boost 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.