Rehmann Capital Advisory Group Acquires 103,479 Shares of Fidelity Total Bond ETF $FBND

Rehmann Capital Advisory Group increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,050,732 shares of the company’s stock after purchasing an additional 103,479 shares during the period. Fidelity Total Bond ETF accounts for 2.7% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 6th biggest position. Rehmann Capital Advisory Group’s holdings in Fidelity Total Bond ETF were worth $48,627,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EnRich Financial Partners LLC grew its holdings in Fidelity Total Bond ETF by 4.0% in the third 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 period. McGlone Suttner Wealth Management Inc. grew 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 valued at $45,594,000 after acquiring an additional 21,091 shares during the period. Weatherly Asset Management L. P. increased its stake 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 worth $38,980,000 after acquiring an additional 66,885 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Fidelity Total Bond ETF by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after acquiring an additional 42,304 shares during the last quarter. Finally, Drake & Associates LLC raised its holdings in shares of Fidelity Total Bond ETF by 14.3% in the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after purchasing an additional 104,664 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND traded up $0.08 during trading on Friday, reaching $45.89. 100,206 shares of the stock were exchanged, compared to its average volume of 2,859,043. 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 cap of $24.00 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50-day moving average price is $46.24 and its 200 day moving average price is $46.32.

Fidelity Total Bond ETF Increases Dividend

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

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.