Claro Advisors LLC Invests $667,000 in Fidelity Total Bond ETF $FBND

Claro Advisors LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,424 shares of the company’s stock, valued at approximately $667,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FBND. Caldwell Trust Co purchased a new position in Fidelity Total Bond ETF in the second quarter worth about $34,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Maryland Capital Advisors Inc. raised its holdings in Fidelity Total Bond ETF by 378.5% in the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000. Finally, Fifth Third Bancorp lifted its position in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after acquiring an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of FBND opened at $46.32 on Thursday. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The business’s fifty day simple moving average is $46.26 and its two-hundred day simple moving average is $46.31. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a $0.161 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date 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.