Dakota Wealth Management Takes Position in Fidelity Total Bond ETF $FBND

Dakota Wealth Management purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 206,822 shares of the company’s stock, valued at approximately $9,522,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after purchasing an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC raised its position in Fidelity Total Bond ETF by 4,220.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after purchasing an additional 1,970,997 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Fidelity Total Bond ETF by 37.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after buying an additional 816,419 shares during the period. Dynasty Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 13.4% in the 3rd quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares during the period. Finally, Modern Wealth Management LLC grew its position 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 buying an additional 764,134 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.6%

Shares of Fidelity Total Bond ETF stock opened at $45.48 on Friday. The firm has a market cap of $23.79 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. The stock’s fifty day moving average price is $46.16 and its 200-day moving average price is $46.30.

Fidelity Total Bond ETF Increases Dividend

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

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.