Fidelity Total Bond ETF $FBND Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 395,034 shares of the company’s stock after purchasing an additional 13,210 shares during the quarter. Fidelity Total Bond ETF comprises 2.2% of Occidental Asset Management LLC’s portfolio, making the stock its 9th largest position. Occidental Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $18,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 3.9% during 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 during the period. Bank of America Corp DE increased its position in Fidelity Total Bond ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after buying an additional 683,930 shares during the period. Sagespring Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after buying an additional 311,221 shares during the period. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after buying an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its stake 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 buying an additional 786,693 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.51 on Friday. The firm has a fifty day moving average of $46.20 and a 200-day moving average of $46.32. The company has a market cap of $23.80 billion, a price-to-earnings 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.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid 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 of this dividend was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.