Sagespring Wealth Partners LLC Has $468.74 Million Stake in Fidelity Total Bond ETF $FBND

Sagespring Wealth Partners LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,181,189 shares of the company’s stock after buying an additional 311,221 shares during the period. Fidelity Total Bond ETF comprises approximately 3.8% of Sagespring Wealth Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Sagespring Wealth Partners LLC owned approximately 2.00% of Fidelity Total Bond ETF worth $468,742,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FBND. EnRich Financial Partners LLC raised its stake in Fidelity Total Bond ETF by 4.0% in the 3rd quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock valued at $21,975,000 after acquiring an additional 18,362 shares during the period. McGlone Suttner Wealth Management Inc. raised its position in shares of Fidelity Total Bond ETF by 2.2% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock valued at $45,594,000 after purchasing an additional 21,091 shares during the period. Weatherly Asset Management L. P. lifted its stake in shares of Fidelity Total Bond ETF by 8.6% during the 3rd 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 last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.5% during 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 during the period. Finally, Drake & Associates LLC grew its stake 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 valued at $38,698,000 after buying an additional 104,664 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.8%

Shares of FBND stock opened at $45.51 on Friday. The firm has a 50 day moving average price of $46.20 and a two-hundred day moving average price of $46.31. The company has a market capitalization of $23.80 billion, a PE 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 company also recently announced 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 represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date 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.