Axxcess Wealth Management LLC Cuts Stake in Fidelity Total Bond ETF $FBND

Axxcess Wealth Management LLC lessened its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,222 shares of the company’s stock after selling 22,581 shares during the period. Axxcess Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $10,322,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Total Bond ETF by 6.1% in 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 acquiring an additional 4,963,926 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in Fidelity Total Bond ETF by 4,220.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after purchasing an additional 1,970,997 shares during the period. Thrivent Financial for Lutherans increased its holdings in Fidelity Total Bond ETF by 37.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after purchasing an additional 816,419 shares during the period. Dynasty Wealth Management LLC raised its position 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 purchasing an additional 786,693 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $35,221,000.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.57 on Wednesday. The business has a 50-day simple moving average of $46.20 and a 200-day simple moving average of $46.26. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company has a market cap of $24.36 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

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

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.