TruWealth Advisors LLC Buys 122,932 Shares of Fidelity Total Bond ETF $FBND

TruWealth Advisors LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,808,295 shares of the company’s stock after acquiring an additional 122,932 shares during the period. Fidelity Total Bond ETF comprises approximately 6.3% of TruWealth Advisors LLC’s portfolio, making the stock its biggest holding. TruWealth Advisors LLC owned about 0.55% of Fidelity Total Bond ETF worth $129,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Caldwell Trust Co purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth about $34,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at approximately $36,000. Maryland Capital Advisors Inc. grew its stake in shares of Fidelity Total Bond ETF by 378.5% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after buying an additional 651 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in Fidelity Total Bond ETF in the third quarter worth approximately $47,000. Finally, Fifth Third Bancorp raised 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 in the last quarter.

Fidelity Total Bond ETF Stock Down 0.8%

FBND stock opened at $45.51 on Friday. The firm has a 50 day moving average of $46.20 and a two-hundred day moving average of $46.31. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The company has a market capitalization of $23.80 billion, a price-to-earnings 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 was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a dividend of $0.161 per share. The ex-dividend date of this dividend was 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 4.2%.

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.