Integrated Wealth Concepts LLC Reduces Stock Position in Fidelity Total Bond ETF $FBND

Integrated Wealth Concepts LLC trimmed its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,219,449 shares of the company’s stock after selling 32,691 shares during the period. Integrated Wealth Concepts LLC owned about 0.26% of Fidelity Total Bond ETF worth $56,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. EnRich Financial Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 4.0% during the 3rd 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 during the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in shares of Fidelity Total Bond ETF by 2.2% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock worth $45,594,000 after acquiring an additional 21,091 shares during the last quarter. Weatherly Asset Management L. P. boosted its stake 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 valued at $38,980,000 after acquiring an additional 66,885 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Fidelity Total Bond ETF by 4.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock valued at $45,706,000 after purchasing an additional 42,304 shares during the last quarter. Finally, Drake & Associates LLC lifted its holdings in Fidelity Total Bond ETF by 14.3% in the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock valued at $38,698,000 after purchasing an additional 104,664 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.75 on Monday. The stock has a market capitalization of $23.93 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The firm’s 50-day moving average is $46.23 and its two-hundred day moving average is $46.32.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 26th.

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.