Mayfair Advisory Group LLC Has $8.68 Million Stake in Fidelity Total Bond ETF $FBND

Mayfair Advisory Group LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 188,434 shares of the company’s stock after buying an additional 12,012 shares during the period. Fidelity Total Bond ETF makes up 3.4% of Mayfair Advisory Group LLC’s portfolio, making the stock its 5th largest position. Mayfair Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $8,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBND. Cerity Partners LLC grew its holdings in Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares during the period. Cary Street Partners Financial LLC grew its holdings in Fidelity Total Bond ETF by 21.8% during the second quarter. Cary Street Partners Financial LLC now owns 31,396 shares of the company’s stock worth $1,436,000 after purchasing an additional 5,612 shares during the period. Financial Strategies Group Inc. grew its holdings in Fidelity Total Bond ETF by 7.2% during the second quarter. Financial Strategies Group Inc. now owns 509,993 shares of the company’s stock worth $23,164,000 after purchasing an additional 34,404 shares during the period. NewEdge Advisors LLC grew its holdings in Fidelity Total Bond ETF by 14.0% during the second quarter. NewEdge Advisors LLC now owns 696,674 shares of the company’s stock worth $31,873,000 after purchasing an additional 85,294 shares during the period. Finally, Main Street Financial Solutions LLC grew its holdings in Fidelity Total Bond ETF by 2.3% during the second quarter. Main Street Financial Solutions LLC now owns 491,611 shares of the company’s stock worth $22,491,000 after purchasing an additional 10,869 shares during the period.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.72 on Wednesday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The stock has a market capitalization of $25.13 billion, a P/E ratio of 8.94 and a beta of 0.29. The stock has a 50-day simple moving average of $46.08 and a 200 day simple moving average of $46.25.

Fidelity Total Bond ETF Increases Dividend

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

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.