Fidelity Total Bond ETF $FBND Shares Bought by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,772 shares of the company’s stock after purchasing an additional 20,403 shares during the quarter. Fidelity Total Bond ETF makes up 3.0% of Milestone Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. Milestone Investment Advisors LLC owned about 0.05% of Fidelity Total Bond ETF worth $12,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. EnRich Financial Partners LLC grew its position in shares of Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after acquiring an additional 18,362 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its position in shares of Fidelity Total Bond ETF by 2.2% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock worth $45,594,000 after buying an additional 21,091 shares during the period. Weatherly Asset Management L. P. boosted its position in shares of Fidelity Total Bond ETF by 8.6% during the third quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock worth $38,980,000 after buying an additional 66,885 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Fidelity Total Bond ETF by 4.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after buying an additional 42,304 shares in the last quarter. Finally, Drake & Associates LLC grew its holdings in Fidelity Total Bond ETF by 14.3% in the 3rd quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after buying an additional 104,664 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $45.91 on Tuesday. The stock’s 50 day moving average price is $46.23 and its 200 day moving average price is $46.32. The stock has a market cap of $24.01 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

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