Lineweaver Wealth Advisors LLC Purchases 32,854 Shares of Fidelity Total Bond ETF $FBND

Lineweaver Wealth Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 796,309 shares of the company’s stock after acquiring an additional 32,854 shares during the period. Fidelity Total Bond ETF comprises approximately 5.0% of Lineweaver Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Lineweaver Wealth Advisors LLC owned approximately 0.16% of Fidelity Total Bond ETF worth $36,662,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in Fidelity Total Bond ETF by 4,220.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after purchasing an additional 1,970,997 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Fidelity Total Bond ETF by 37.6% in the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock valued at $138,245,000 after purchasing an additional 816,419 shares during the period. Dynasty Wealth Management LLC grew its holdings in 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 valued at $307,801,000 after purchasing an additional 786,693 shares during the period. Finally, Modern Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 54.3% in the third quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock valued at $100,360,000 after buying an additional 764,134 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.43 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The company has a market cap of $23.76 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a 50 day simple moving average of $46.14 and a 200-day simple moving average of $46.29.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared 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 4.3%. The ex-dividend date of this dividend was Thursday, February 26th. 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.