Fidelity Total Bond ETF $FBND Position Increased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 330,234 shares of the company’s stock after buying an additional 18,123 shares during the quarter. Fidelity Total Bond ETF comprises about 1.0% of Cornerstone Wealth Group LLC’s holdings, making the stock its 22nd biggest position. Cornerstone Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $15,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FBND. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $32,000. Caldwell Trust Co acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter worth about $34,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $36,000. Maryland Capital Advisors Inc. boosted its stake in shares of Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $47,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.95 on Thursday. The company has a market cap of $25.33 billion, a PE ratio of 8.94 and a beta of 0.30. The stock has a 50-day moving average of $46.06 and a 200-day moving average of $46.23. Fidelity Total Bond ETF has a 52-week low of $44.73 and a 52-week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid a dividend of $0.161 per share. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.