Fidelity Total Bond ETF $FBND Shares Acquired by Prudent Investors Network Inc.

Prudent Investors Network Inc. raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,073,400 shares of the company’s stock after purchasing an additional 124,595 shares during the period. Fidelity Total Bond ETF accounts for 12.2% of Prudent Investors Network Inc.’s holdings, making the stock its biggest holding. Prudent Investors Network Inc.’s holdings in Fidelity Total Bond ETF were worth $49,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Caldwell Trust Co acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $34,000. Clearstead Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Maryland Capital Advisors Inc. raised its stake in Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after buying an additional 651 shares during the period. First Command Advisory Services Inc. bought a new position in Fidelity Total Bond ETF in the third quarter worth approximately $47,000. Finally, Fifth Third Bancorp boosted its holdings in Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.17 on Friday. The stock has a market capitalization of $24.15 billion, a PE 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. The stock has a 50 day moving average price of $46.25 and a two-hundred day moving average price of $46.32.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a dividend of $0.161 per share. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.