Northwestern Mutual Investment Management Company LLC Makes New $4.98 Million Investment in Fidelity Total Bond ETF $FBND

Northwestern Mutual Investment Management Company LLC bought a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 107,700 shares of the company’s stock, valued at approximately $4,980,000.

Other institutional investors have also recently modified their holdings of the company. GWN Securities Inc. raised its holdings in Fidelity Total Bond ETF by 1.3% in the 3rd quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after purchasing an additional 277 shares during the period. Insight Wealth Strategies LLC increased its position in shares of Fidelity Total Bond ETF by 1.6% in the third quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after buying an additional 281 shares in the last quarter. Capital CS Group LLC raised its stake in shares of Fidelity Total Bond ETF by 4.8% during the 3rd quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after buying an additional 286 shares during the period. Barnes Dennig Private Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 8.9% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 3,508 shares of the company’s stock valued at $162,000 after buying an additional 288 shares in the last quarter. Finally, Cedar Point Capital Partners LLC grew its stake in Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 21,005 shares of the company’s stock valued at $971,000 after acquiring an additional 292 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $46.57 on Monday. The firm has a fifty day moving average of $46.19 and a 200 day moving average of $46.25. The firm has a market cap of $24.36 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86.

Fidelity Total Bond ETF Cuts Dividend

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

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.