Wealth Enhancement Advisory Services LLC Boosts Stake in Fidelity Total Bond ETF $FBND

Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.3% in the 4th quarter, Holdings Channel reports. The firm owned 202,474 shares of the company’s stock after purchasing an additional 43,452 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $9,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 4,220.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after buying an additional 1,970,997 shares in the last quarter. Thrivent Financial for Lutherans grew its stake 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 valued at $138,245,000 after buying an additional 816,419 shares in the last quarter. Dynasty Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after buying an additional 786,693 shares during the period. Finally, Modern Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 54.3% in the 3rd quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock valued at $100,360,000 after buying an additional 764,134 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1%

FBND opened at $45.43 on Friday. The stock’s 50-day moving average price is $46.14 and its 200 day moving average price is $46.29. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The firm has a market cap of $23.76 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 declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.161 per share. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Thursday, February 26th.

Fidelity Total Bond ETF 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.