Arete Wealth Advisors LLC Purchases 17,839 Shares of Fidelity Total Bond ETF $FBND

Arete Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,371 shares of the company’s stock after purchasing an additional 17,839 shares during the period. Fidelity Total Bond ETF accounts for about 1.6% of Arete Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. Arete Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $26,790,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EnRich Financial Partners LLC lifted its stake in shares of Fidelity Total Bond ETF by 4.0% in the 3rd quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock valued at $21,975,000 after purchasing an additional 18,362 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its position in Fidelity Total Bond ETF by 2.2% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock worth $45,594,000 after buying an additional 21,091 shares during the last quarter. Weatherly Asset Management L. P. raised its holdings in Fidelity Total Bond ETF by 8.6% during the third quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock valued at $38,980,000 after buying an additional 66,885 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Fidelity Total Bond ETF by 4.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after buying an additional 42,304 shares during the last quarter. Finally, Drake & Associates LLC boosted its stake in shares of Fidelity Total Bond ETF by 14.3% during the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after acquiring an additional 104,664 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.63 on Friday. The business’s 50-day simple moving average is $46.25 and its 200-day simple moving average is $46.30. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th will be issued a dividend of $0.161 per share. This represents a c) annualized dividend and a yield of 4.1%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date is Thursday, February 26th.

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.