Fidelity Total Bond ETF $FBND Shares Purchased by Members Wealth LLC

Members Wealth LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 273,330 shares of the company’s stock after acquiring an additional 35,656 shares during the period. Fidelity Total Bond ETF makes up about 7.9% of Members Wealth LLC’s holdings, making the stock its 2nd largest position. Members Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $12,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FBND. Rialto Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $32,000. Clearstead Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Maryland Capital Advisors Inc. boosted 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 buying an additional 651 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Finally, Fifth Third Bancorp boosted its position in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

Shares of NYSEARCA:FBND opened at $45.89 on Friday. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 8.94 and a beta of 0.30. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86. The business’s 50 day moving average is $46.03 and its 200 day moving average is $46.22.

Fidelity Total Bond ETF Increases Dividend

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

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.