Fidelity Total Bond ETF $FBND is Leelyn Smith LLC’s 6th Largest Position

Leelyn Smith LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1,050.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 627,471 shares of the company’s stock after buying an additional 572,951 shares during the quarter. Fidelity Total Bond ETF comprises about 4.2% of Leelyn Smith LLC’s investment portfolio, making the stock its 6th biggest holding. Leelyn Smith LLC owned about 0.12% of Fidelity Total Bond ETF worth $28,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $32,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at $36,000. Maryland Capital Advisors Inc. raised its stake in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after buying an additional 651 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF during the third quarter valued at $47,000. Finally, Fifth Third Bancorp raised its stake in Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA:FBND opened at $45.91 on Wednesday. The stock has a fifty day simple moving average of $46.04 and a two-hundred day simple moving average of $46.22. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 8.94 and a beta of 0.30. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86.

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 issued a $0.161 dividend. 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. This is a positive change 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.