Fidelity Total Bond ETF $FBND is KFA Private Wealth Group LLC’s 3rd Largest Position

KFA Private Wealth Group LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 412,826 shares of the company’s stock after acquiring an additional 69,255 shares during the quarter. Fidelity Total Bond ETF comprises 4.6% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 3rd biggest position. KFA Private Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $19,006,000 as of its most recent SEC filing.

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

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.51 on Friday. The company has a market cap of $23.80 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The stock’s 50 day simple moving average is $46.20 and its two-hundred day simple moving average is $46.31.

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 dividend of $0.161 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, February 26th. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

About Fidelity Total Bond ETF

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.