Dogwood Wealth Management LLC Acquires 41,444 Shares of Fidelity Total Bond ETF $FBND

Dogwood Wealth Management LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.2% during the second quarter, HoldingsChannel reports. The fund owned 449,753 shares of the company’s stock after acquiring an additional 41,444 shares during the quarter. Fidelity Total Bond ETF accounts for about 8.1% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Dogwood Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $20,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the 1st quarter valued at about $125,000. Midwest Financial Network LLC bought a new stake in Fidelity Total Bond ETF during the 1st quarter worth approximately $503,000. NewEdge Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 4.4% in the first quarter. NewEdge Advisors LLC now owns 1,278,631 shares of the company’s stock worth $58,331,000 after purchasing an additional 54,232 shares during the last quarter. Keel Point LLC raised its stake in shares of Fidelity Total Bond ETF by 104.4% in the first quarter. Keel Point LLC now owns 12,363 shares of the company’s stock worth $564,000 after purchasing an additional 6,314 shares during the last quarter. Finally, Ipsen Advisor Group LLC lifted its holdings in shares of Fidelity Total Bond ETF by 4.0% in the first quarter. Ipsen Advisor Group LLC now owns 105,919 shares of the company’s stock valued at $4,832,000 after purchasing an additional 4,084 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of NYSEARCA:FBND opened at $44.83 on Tuesday. The stock has a market cap of $27.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12-month low of $44.65 and a 12-month high of $46.86. The business’s 50 day moving average is $45.35 and its 200 day moving average is $45.74.

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.