Financial & Tax Architects LLC Buys Shares of 474,361 Fidelity Total Bond ETF $FBND

Financial & Tax Architects LLC bought a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 474,361 shares of the company’s stock, valued at approximately $21,934,000. Fidelity Total Bond ETF comprises about 4.8% of Financial & Tax Architects LLC’s holdings, making the stock its 2nd biggest position. Financial & Tax Architects LLC owned 0.10% of Fidelity Total Bond ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 during the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in Fidelity Total Bond ETF by 4,220.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after buying an additional 1,970,997 shares during the period. Ritholtz Wealth Management lifted its holdings in Fidelity Total Bond ETF by 64.3% during the 2nd quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after buying an additional 1,412,766 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Fidelity Total Bond ETF by 37.6% in the 3rd 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 during the period. Finally, Dynasty Wealth Management LLC grew its stake in 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 worth $307,801,000 after acquiring an additional 786,693 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.5%

Shares of NYSEARCA:FBND opened at $46.14 on Friday. The business’s 50 day moving average is $46.19 and its 200 day moving average is $46.21. The stock has a market cap of $24.13 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, January 29th.

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.