Fidelity Total Bond ETF $FBND is Summit Financial Strategies Inc.’s 4th Largest Position

Summit Financial Strategies Inc. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,090,807 shares of the company’s stock after buying an additional 85,577 shares during the period. Fidelity Total Bond ETF accounts for approximately 7.9% of Summit Financial Strategies Inc.’s portfolio, making the stock its 4th largest position. Summit Financial Strategies Inc. owned 0.40% of Fidelity Total Bond ETF worth $96,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Greatmark Investment Partners Inc. bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $241,000. Latitude Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 4.2% during the fourth quarter. Latitude Advisors LLC now owns 20,299 shares of the company’s stock valued at $935,000 after purchasing an additional 819 shares in the last quarter. Keystone Wealth Services LLC increased its stake in shares of Fidelity Total Bond ETF by 1.1% during the fourth quarter. Keystone Wealth Services LLC now owns 179,828 shares of the company’s stock valued at $8,279,000 after purchasing an additional 1,884 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $435,000. Finally, Next Level Wealth Planning LLC increased its stake in shares of Fidelity Total Bond ETF by 12.9% during the fourth quarter. Next Level Wealth Planning LLC now owns 28,926 shares of the company’s stock valued at $1,332,000 after purchasing an additional 3,310 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.05 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.73 and a fifty-two week high of $46.86. The company has a 50 day simple moving average of $46.06 and a two-hundred day simple moving average of $46.23. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 8.94 and a beta of 0.30.

Fidelity Total Bond ETF Increases Dividend

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

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.