Legacy Wealth Management Inc Acquires 166,799 Shares of Fidelity Total Bond ETF $FBND

Legacy Wealth Management Inc raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,416,406 shares of the company’s stock after acquiring an additional 166,799 shares during the quarter. Fidelity Total Bond ETF accounts for about 9.1% of Legacy Wealth Management Inc’s holdings, making the stock its 5th biggest position. Legacy Wealth Management Inc’s holdings in Fidelity Total Bond ETF were worth $157,291,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after purchasing an additional 220 shares in the last quarter. RWA Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 2.6% during the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock worth $445,000 after buying an additional 241 shares in the last quarter. GWN Securities Inc. grew its position in Fidelity Total Bond ETF by 1.3% during the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after buying an additional 277 shares during the period. Insight Wealth Strategies LLC grew its position in Fidelity Total Bond ETF by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after buying an additional 281 shares during the period. Finally, Capital CS Group LLC increased its holdings in Fidelity Total Bond ETF by 4.8% in the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after buying an additional 286 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.71 on Monday. The firm has a 50 day moving average of $46.10 and a 200-day moving average of $46.26. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The company has a market cap of $25.07 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a $0.161 dividend. This represents a c) annualized dividend and a yield of 4.2%. 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.

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.