RCS Financial Planning LLC Purchases 17,487 Shares of Fidelity Total Bond ETF $FBND

RCS Financial Planning LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,827 shares of the company’s stock after acquiring an additional 17,487 shares during the period. Fidelity Total Bond ETF comprises approximately 7.4% of RCS Financial Planning LLC’s holdings, making the stock its 3rd largest holding. RCS Financial Planning LLC owned 0.08% of Fidelity Total Bond ETF worth $16,652,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares during the period. Bank of America Corp DE boosted its stake in Fidelity Total Bond ETF by 5.4% during the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after buying an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC increased its holdings in Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock valued at $456,387,000 after buying an additional 136,223 shares during the period. Dynasty Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after buying an additional 786,693 shares during the period. Finally, Country Trust Bank raised its stake in shares of Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock valued at $290,027,000 after buying an additional 86,070 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.96 on Wednesday. The company has a 50-day moving average of $46.21 and a 200-day moving average of $46.21. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The company has a market capitalization of $24.04 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were paid a dividend of $0.146 per share. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Fidelity Total Bond ETF Company 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.