Madison Wealth Partners Inc Lowers Stake in Fidelity Total Bond ETF $FBND

Madison Wealth Partners Inc decreased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 18.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,762 shares of the company’s stock after selling 24,914 shares during the quarter. Fidelity Total Bond ETF makes up 1.0% of Madison Wealth Partners Inc’s portfolio, making the stock its 17th largest position. Madison Wealth Partners Inc’s holdings in Fidelity Total Bond ETF were worth $5,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $3,940,297,000 after purchasing an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 4,220.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after buying an additional 1,970,997 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Fidelity Total Bond ETF by 37.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after buying an additional 816,419 shares in the last quarter. Dynasty Wealth Management LLC increased its stake 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 valued at $307,801,000 after buying an additional 786,693 shares during the period. Finally, Sax Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 28.8% in the third quarter. Sax Wealth Advisors LLC now owns 3,407,495 shares of the company’s stock valued at $157,563,000 after acquiring an additional 762,741 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.63 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The firm’s 50-day moving average is $46.25 and its two-hundred day moving average is $46.30. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th will be paid a dividend of $0.161 per share. 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 4.1%. The ex-dividend date is 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.