Linscomb Wealth Inc. Increases Stock Holdings in Fidelity Total Bond ETF $FBND

Linscomb Wealth Inc. increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 22.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,818 shares of the company’s stock after buying an additional 53,766 shares during the quarter. Linscomb Wealth Inc.’s holdings in Fidelity Total Bond ETF were worth $13,725,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth $34,000. Maryland Capital Advisors Inc. grew its position in Fidelity Total Bond ETF by 378.5% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after purchasing an additional 651 shares in the last quarter. First Command Advisory Services Inc. bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $49,000. Finally, Cornerstone Planning Group LLC purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $50,000.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of FBND opened at $45.93 on Thursday. The stock has a 50 day moving average of $46.20 and a 200 day moving average of $46.21. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

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

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.