Modern Wealth Management LLC Has $100.36 Million Holdings in Fidelity Total Bond ETF $FBND

Modern Wealth Management LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 54.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,170,408 shares of the company’s stock after buying an additional 764,134 shares during the quarter. Fidelity Total Bond ETF makes up 2.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Modern Wealth Management LLC owned 0.45% of Fidelity Total Bond ETF worth $100,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of FBND. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth $34,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF during the third quarter worth about $36,000. Maryland Capital Advisors Inc. boosted its holdings in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after purchasing an additional 651 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Fidelity Total Bond ETF in the 3rd quarter worth about $47,000. Finally, Fifth Third Bancorp grew its position in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.17 on Friday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The firm has a 50-day moving average price of $46.25 and a two-hundred day moving average price of $46.31. The firm has a market cap of $24.15 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 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) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend 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.