OLIO Financial Planning Buys 53,318 Shares of Fidelity Total Bond ETF $FBND

OLIO Financial Planning lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 975,741 shares of the company’s stock after purchasing an additional 53,318 shares during the quarter. Fidelity Total Bond ETF makes up approximately 12.6% of OLIO Financial Planning’s portfolio, making the stock its 4th largest holding. OLIO Financial Planning’s holdings in Fidelity Total Bond ETF were worth $44,923,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares in the last quarter. RWA Wealth Partners LLC raised its holdings in Fidelity Total Bond ETF by 2.6% during the 3rd quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after buying an additional 241 shares during the period. GWN Securities Inc. lifted its stake in Fidelity Total Bond ETF by 1.3% during the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after buying an additional 277 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in Fidelity Total Bond ETF by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after buying an additional 281 shares in the last quarter. Finally, Capital CS Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.8% in the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock worth $288,000 after buying an additional 286 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.71 on Monday. The firm’s 50 day simple moving average is $46.10 and its 200-day simple moving average is $46.26. The company has a market cap of $25.07 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

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

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.