IFG Advisory LLC Buys 86,257 Shares of Fidelity Total Bond ETF $FBND

IFG Advisory LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 252.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 120,381 shares of the company’s stock after acquiring an additional 86,257 shares during the period. IFG Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $5,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after acquiring an additional 4,963,926 shares during the period. Bank of America Corp DE raised its holdings in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock worth $456,387,000 after purchasing an additional 136,223 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Fidelity Total Bond ETF by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after purchasing an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.32 on Thursday. The stock’s 50-day moving average is $46.26 and its 200 day moving average is $46.31. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were issued a $0.161 dividend. 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%. The ex-dividend date was Thursday, February 26th.

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.