Kickstand Ventures LLC. Has $16.32 Million Position in Fidelity Total Bond ETF $FBND

Kickstand Ventures LLC. lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 352,995 shares of the company’s stock after buying an additional 13,837 shares during the quarter. Fidelity Total Bond ETF accounts for about 3.6% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 5th largest holding. Kickstand Ventures LLC.’s holdings in Fidelity Total Bond ETF were worth $16,322,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FBND. Quadrant Capital Group LLC increased its stake in Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares during the period. RWA Wealth Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 2.6% in the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after purchasing an additional 241 shares during the last quarter. GWN Securities Inc. lifted its holdings in Fidelity Total Bond ETF by 1.3% in the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after buying an additional 277 shares during the period. Insight Wealth Strategies LLC lifted its holdings in Fidelity Total Bond ETF by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after buying an additional 281 shares during the period. Finally, Capital CS Group LLC grew its position in shares of Fidelity Total Bond ETF by 4.8% in the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after buying an additional 286 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.75 on Monday. The stock has a market capitalization of $23.93 billion, a PE ratio of 8.94 and a beta of 0.28. The stock’s 50 day moving average price is $46.23 and its 200-day moving average price is $46.32. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed 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. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.