HUB Investment Partners LLC Boosts Stock Holdings in Fidelity Total Bond ETF $FBND

HUB Investment Partners LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,191,019 shares of the company’s stock after acquiring an additional 41,659 shares during the period. Fidelity Total Bond ETF comprises approximately 1.8% of HUB Investment Partners LLC’s portfolio, making the stock its 5th biggest holding. HUB Investment Partners LLC’s holdings in Fidelity Total Bond ETF were worth $55,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Modern Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 54.3% during the 3rd quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock worth $100,360,000 after purchasing an additional 764,134 shares during the period. Aptus Capital Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,184,713 shares of the company’s stock valued at $54,781,000 after acquiring an additional 56,513 shares during the period. Consolidated Portfolio Review Corp grew its position in shares of Fidelity Total Bond ETF by 4.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 17,874 shares of the company’s stock valued at $826,000 after acquiring an additional 691 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Fidelity Total Bond ETF by 38.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 161,242 shares of the company’s stock worth $7,456,000 after purchasing an additional 44,764 shares during the last quarter. Finally, IFG Advisory LLC increased its stake in shares of Fidelity Total Bond ETF by 252.8% during the 3rd quarter. IFG Advisory LLC now owns 120,381 shares of the company’s stock worth $5,566,000 after purchasing an additional 86,257 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1%

NYSEARCA:FBND opened at $46.17 on Friday. 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 $46.25 and its 200 day moving average is $46.31. The stock has a market capitalization of $24.15 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a $0.161 dividend. The ex-dividend date was Thursday, February 26th. 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%.

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.