Wealth Enhancement Advisory Services LLC Boosts Position in Fidelity Total Bond ETF $FBND

Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,474 shares of the company’s stock after acquiring an additional 43,452 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity Total Bond ETF were worth $9,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Genesis Private Wealth LLC raised its stake in Fidelity Total Bond ETF by 9.0% during the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after purchasing an additional 26,093 shares during the period. Sard Wealth Management Group LLC raised its position in shares of Fidelity Total Bond ETF by 5.2% during the 4th quarter. Sard Wealth Management Group LLC now owns 565,126 shares of the company’s stock valued at $26,018,000 after buying an additional 27,974 shares during the period. Occidental Asset Management LLC lifted its holdings in Fidelity Total Bond ETF by 3.5% in the fourth quarter. Occidental Asset Management LLC now owns 395,034 shares of the company’s stock valued at $18,187,000 after acquiring an additional 13,210 shares during the last quarter. Cooper Financial Group grew its position in Fidelity Total Bond ETF by 4.5% in the fourth quarter. Cooper Financial Group now owns 191,004 shares of the company’s stock worth $8,794,000 after acquiring an additional 8,145 shares during the period. Finally, Cyndeo Wealth Partners LLC increased its stake in Fidelity Total Bond ETF by 5.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 550,911 shares of the company’s stock worth $25,364,000 after acquiring an additional 28,706 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

NYSEARCA:FBND opened at $45.43 on Friday. The company has a market capitalization of $23.76 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The stock’s fifty day moving average is $46.14 and its two-hundred day moving average is $46.29.

Fidelity Total Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given a $0.161 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.