Envestnet Asset Management Inc. Boosts Stake in Fidelity Total Bond ETF $FBND

Envestnet Asset Management Inc. lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,260,344 shares of the company’s stock after buying an additional 591,553 shares during the period. Envestnet Asset Management Inc. owned approximately 1.31% of Fidelity Total Bond ETF worth $289,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. grew its position in Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after buying an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC raised its holdings in Fidelity Total Bond ETF by 4,220.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after acquiring an additional 1,970,997 shares during the period. Ritholtz Wealth Management lifted its position in shares of Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after acquiring an additional 1,412,766 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Fidelity Total Bond ETF by 37.6% in the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after acquiring an additional 816,419 shares during the period. Finally, Dynasty Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 13.4% during the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after purchasing an additional 786,693 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.93 on Thursday. The business’s fifty day moving average is $46.20 and its 200 day moving average is $46.21. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were given a $0.146 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, January 29th.

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.