Focus Partners Wealth Boosts Stake in Fidelity Total Bond ETF $FBND

Focus Partners Wealth increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% during the third quarter, HoldingsChannel reports. The firm owned 2,093,491 shares of the company’s stock after buying an additional 133,446 shares during the period. Focus Partners Wealth’s holdings in Fidelity Total Bond ETF were worth $96,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after buying an additional 4,963,926 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Fidelity Total Bond ETF by 5.6% during the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock valued at $599,033,000 after acquiring an additional 683,930 shares during the last quarter. Sagespring Wealth Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock valued at $456,387,000 after acquiring an additional 136,223 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity Total Bond ETF by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after acquiring an additional 445,810 shares during the period. Finally, Dynasty Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 13.4% in the third 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 during the period.

Fidelity Total Bond ETF Stock Up 0.3%

FBND opened at $45.91 on Tuesday. The stock has a market capitalization of $24.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50 day moving average price of $46.23 and a 200-day moving average price of $46.32. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The business also recently announced 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. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.