Fidelity Total Bond ETF $FBND Shares Bought by Correct Capital Wealth Management

Correct Capital Wealth Management lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 816,243 shares of the company’s stock after purchasing an additional 78,005 shares during the quarter. Fidelity Total Bond ETF comprises about 5.3% of Correct Capital Wealth Management’s holdings, making the stock its 5th biggest holding. Correct Capital Wealth Management owned about 0.17% of Fidelity Total Bond ETF worth $37,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FBND. Cyr Financial Inc. lifted its holdings in Fidelity Total Bond ETF by 11.7% during the 3rd quarter. Cyr Financial Inc. now owns 213,008 shares of the company’s stock worth $9,849,000 after buying an additional 22,382 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter worth $4,199,000. Moloney Securities Asset Management LLC increased its position in shares of Fidelity Total Bond ETF by 6.7% during the third quarter. Moloney Securities Asset Management LLC now owns 8,430 shares of the company’s stock worth $390,000 after acquiring an additional 527 shares during the period. Ledyard National Bank acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at $250,000. Finally, Spinnaker Trust raised its stake in shares of Fidelity Total Bond ETF by 0.7% in the third quarter. Spinnaker Trust now owns 124,695 shares of the company’s stock valued at $5,766,000 after acquiring an additional 832 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $46.15 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business has a fifty day moving average price of $46.18 and a 200 day moving average price of $46.22.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were paid a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a dividend 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.