KFG Wealth Management LLC Has $33.07 Million Stock Holdings in Fidelity Total Bond ETF $FBND

KFG Wealth Management LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.6% in the 4th quarter, Holdings Channel reports. The fund owned 718,253 shares of the company’s stock after purchasing an additional 50,574 shares during the quarter. Fidelity Total Bond ETF accounts for 4.4% of KFG Wealth Management LLC’s portfolio, making the stock its 5th biggest position. KFG Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $33,068,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EnRich Financial Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after buying an additional 18,362 shares in the last quarter. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Fidelity Total Bond ETF by 2.2% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock worth $45,594,000 after buying an additional 21,091 shares in the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of 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 buying an additional 66,885 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of 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 buying an additional 42,304 shares in the last quarter. Finally, Drake & Associates LLC grew its holdings in shares of Fidelity Total Bond ETF by 14.3% during the third quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after buying an additional 104,664 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.65 on Tuesday. The company has a market cap of $25.03 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The stock has a 50-day simple moving average of $46.09 and a 200 day simple moving average of $46.25.

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

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.