IFG Advisory LLC Buys 86,257 Shares of Fidelity Total Bond ETF $FBND

IFG Advisory LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 252.8% during the third quarter, HoldingsChannel reports. The firm owned 120,381 shares of the company’s stock after acquiring an additional 86,257 shares during the period. IFG Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $5,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Caldwell Trust Co purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $34,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth $36,000. Maryland Capital Advisors Inc. raised its position in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after purchasing an additional 651 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA FBND opened at $46.32 on Thursday. The stock has a 50-day moving average of $46.26 and a 200-day moving average of $46.31. The firm has a market cap of $24.23 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a $0.161 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.