CPA Asset Management Group LLC Acquires 53,374 Shares of Fidelity Total Bond ETF $FBND

CPA Asset Management Group LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 680,180 shares of the company’s stock after purchasing an additional 53,374 shares during the quarter. Fidelity Total Bond ETF makes up 11.0% of CPA Asset Management Group LLC’s investment portfolio, making the stock its biggest holding. CPA Asset Management Group LLC’s holdings in Fidelity Total Bond ETF were worth $31,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FBND. EnRich Financial Partners LLC raised its holdings in Fidelity Total Bond ETF by 4.0% during the 3rd quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after purchasing an additional 18,362 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Fidelity Total Bond ETF by 2.2% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock valued at $45,594,000 after purchasing an additional 21,091 shares during the last quarter. Weatherly Asset Management L. P. boosted its stake in shares of Fidelity Total Bond ETF by 8.6% in the 3rd quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock valued at $38,980,000 after purchasing an additional 66,885 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Fidelity Total Bond ETF by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after buying an additional 42,304 shares during the period. Finally, Drake & Associates LLC increased its position in shares of Fidelity Total Bond ETF by 14.3% during the third quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after buying an additional 104,664 shares during the period.

Fidelity Total Bond ETF Stock Down 0.6%

Shares of NYSEARCA FBND opened at $45.48 on Friday. The company has a market capitalization of $23.79 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The firm has a fifty day simple moving average of $46.16 and a 200 day simple moving average of $46.30.

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 issued a dividend of $0.161 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, February 26th. This is an increase 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.