Fidelity Total Bond ETF $FBND Stock Position Lowered by Power Wealth Management LLC

Power Wealth Management LLC reduced its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,967 shares of the company’s stock after selling 50,081 shares during the period. Fidelity Total Bond ETF makes up about 13.1% of Power Wealth Management LLC’s holdings, making the stock its largest holding. Power Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $36,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $336,000. Assetmark Inc. boosted its position in Fidelity Total Bond ETF by 37.6% during the 2nd quarter. Assetmark Inc. now owns 23,970 shares of the company’s stock valued at $1,097,000 after buying an additional 6,545 shares during the period. Atria Investments Inc boosted its holdings in shares of Fidelity Total Bond ETF by 1.2% during the second quarter. Atria Investments Inc now owns 187,619 shares of the company’s stock worth $8,584,000 after purchasing an additional 2,164 shares during the period. IFG Advisory LLC grew its position in shares of Fidelity Total Bond ETF by 23.8% in the 2nd quarter. IFG Advisory LLC now owns 34,124 shares of the company’s stock worth $1,561,000 after buying an additional 6,550 shares during the last quarter. Finally, Tradewinds LLC. bought a new stake in Fidelity Total Bond ETF in the second quarter valued at $5,044,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $46.63 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The company’s 50-day moving average is $46.25 and its 200 day moving average is $46.30. The stock has a market capitalization of $24.39 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be paid a $0.161 dividend. The ex-dividend date of this dividend is 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 yield of 4.1%.

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.