Fidelity Total Bond ETF $FBND is Sard Wealth Management Group LLC’s 2nd Largest Position
by Jessica Moore · The Cerbat GemSard Wealth Management Group LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 565,126 shares of the company’s stock after buying an additional 27,974 shares during the period. Fidelity Total Bond ETF accounts for approximately 14.3% of Sard Wealth Management Group LLC’s portfolio, making the stock its 2nd largest holding. Sard Wealth Management Group LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $26,018,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Caldwell Trust Co bought a new position in Fidelity Total Bond ETF in the 2nd quarter worth about $34,000. Clearstead Advisors LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $36,000. Maryland Capital Advisors Inc. raised its position in Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after purchasing an additional 651 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in Fidelity Total Bond ETF in the third quarter worth $47,000. Finally, Fifth Third Bancorp lifted its position in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares during the period.
Fidelity Total Bond ETF Price Performance
Shares of NYSEARCA FBND opened at $45.51 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The company’s 50-day moving average is $46.20 and its 200 day moving average is $46.32. The stock has a market capitalization of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28.
Fidelity Total Bond ETF Increases Dividend
The company also recently disclosed 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%. 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.