RCW Management LLC Takes $816,000 Position in Fidelity Total Bond ETF $FBND

RCW Management LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 17,723 shares of the company’s stock, valued at approximately $816,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Total Bond ETF by 3.9% in the third 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 during the last quarter. Quotient Wealth Partners LLC increased its holdings in Fidelity Total Bond ETF by 39.8% during the fourth quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock worth $225,238,000 after buying an additional 1,393,081 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Fidelity Total Bond ETF by 37.6% during the third quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after acquiring an additional 816,419 shares in the last quarter. Dynasty Wealth Management LLC raised its position in Fidelity Total Bond ETF by 13.4% during 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 in the last quarter. Finally, Modern Wealth Management LLC raised its position in Fidelity Total Bond ETF by 54.3% during the third quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock worth $100,360,000 after acquiring an additional 764,134 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA FBND traded up $0.05 on Thursday, hitting $45.55. 646,990 shares of the stock were exchanged, compared to its average volume of 2,830,725. The business’s fifty day moving average is $45.97 and its 200 day moving average is $46.20. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The company has a market capitalization of $25.39 billion, a PE ratio of 8.94 and a beta of 0.30.

Fidelity Total Bond ETF Increases Dividend

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

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.