Integrated Wealth Concepts LLC Lowers Stock Holdings in Fidelity Total Bond ETF $FBND

Integrated Wealth Concepts LLC reduced its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,219,449 shares of the company’s stock after selling 32,691 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Fidelity Total Bond ETF were worth $56,387,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FBND. Bank of Montreal Can increased its stake in shares of Fidelity Total Bond ETF by 18.4% during the 2nd quarter. Bank of Montreal Can now owns 15,762 shares of the company’s stock valued at $721,000 after acquiring an additional 2,455 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Fidelity Total Bond ETF by 21.4% in the second quarter. Bank of New York Mellon Corp now owns 349,715 shares of the company’s stock worth $15,999,000 after acquiring an additional 61,741 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Fidelity Total Bond ETF by 16.5% in the second quarter. Avantax Advisory Services Inc. now owns 838,606 shares of the company’s stock valued at $38,366,000 after purchasing an additional 118,991 shares during the period. Kingsview Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $314,000. Finally, Beta Wealth Group Inc. increased its position in Fidelity Total Bond ETF by 3.6% during the second quarter. Beta Wealth Group Inc. now owns 62,337 shares of the company’s stock worth $2,852,000 after purchasing an additional 2,195 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

NYSEARCA:FBND opened at $45.75 on Monday. The company has a market cap of $23.93 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The firm’s 50 day moving average is $46.23 and its two-hundred day moving average is $46.32.

Fidelity Total Bond ETF Increases Dividend

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

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.