Madison Wealth Partners Inc Cuts Position in Fidelity Total Bond ETF $FBND

Madison Wealth Partners Inc reduced its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 18.6% in the third quarter, HoldingsChannel reports. The firm owned 108,762 shares of the company’s stock after selling 24,914 shares during the period. Fidelity Total Bond ETF makes up approximately 1.0% of Madison Wealth Partners Inc’s investment portfolio, making the stock its 17th largest position. Madison Wealth Partners Inc’s holdings in Fidelity Total Bond ETF were worth $5,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FBND. Caldwell Trust Co bought a new position in Fidelity Total Bond ETF in the second quarter worth about $34,000. Clearstead Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $36,000. Maryland Capital Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $47,000. Finally, Fifth Third Bancorp lifted its position in 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 acquiring an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

NYSEARCA FBND opened at $46.63 on Friday. The firm’s fifty day simple moving average is $46.25 and its two-hundred day simple moving average is $46.30. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The firm 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 firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 26th will be paid a dividend of $0.161 per share. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date is Thursday, February 26th. 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.