Fidelity Total Bond ETF $FBND is Rehmann Capital Advisory Group’s 6th Largest Position

Rehmann Capital Advisory Group increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,050,732 shares of the company’s stock after buying an additional 103,479 shares during the period. Fidelity Total Bond ETF comprises 2.7% of Rehmann Capital Advisory Group’s portfolio, making the stock its 6th largest holding. Rehmann Capital Advisory Group owned 0.22% of Fidelity Total Bond ETF worth $48,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Betterment LLC grew its holdings in Fidelity Total Bond ETF by 7.7% in the third quarter. Betterment LLC now owns 104,982 shares of the company’s stock valued at $4,854,000 after purchasing an additional 7,481 shares during the last quarter. Magnolia Capital Advisors LLC boosted its position in shares of Fidelity Total Bond ETF by 3.6% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 145,359 shares of the company’s stock worth $6,721,000 after buying an additional 5,042 shares in the last quarter. UBS Group AG boosted its position in shares of Fidelity Total Bond ETF by 7.8% in the 3rd quarter. UBS Group AG now owns 5,653,619 shares of the company’s stock worth $261,423,000 after buying an additional 410,781 shares in the last quarter. Quadrant Capital Group LLC grew 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 valued at $1,758,000 after acquiring an additional 220 shares during the last quarter. Finally, Navalign LLC increased its holdings in Fidelity Total Bond ETF by 4.0% during the 3rd quarter. Navalign LLC now owns 939,073 shares of the company’s stock valued at $43,423,000 after acquiring an additional 36,158 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND traded up $0.08 during midday trading on Friday, reaching $45.89. 100,206 shares of the company’s stock were exchanged, compared to its average volume of 2,859,043. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The stock has a market capitalization of $24.00 billion, a PE ratio of 8.94 and a beta of 0.28. The business’s 50-day moving average price is $46.24 and its 200 day moving average price is $46.32.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.161 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.2%. This is an increase 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.