Wealthcare Advisory Partners LLC Purchases 65,148 Shares of Fidelity Total Bond ETF $FBND

Wealthcare Advisory Partners LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,504,259 shares of the company’s stock after acquiring an additional 65,148 shares during the quarter. Fidelity Total Bond ETF makes up approximately 1.4% of Wealthcare Advisory Partners LLC’s portfolio, making the stock its 12th biggest position. Wealthcare Advisory Partners LLC’s holdings in Fidelity Total Bond ETF were worth $69,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pallas Capital Advisors LLC increased its holdings in Fidelity Total Bond ETF by 9.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 875,591 shares of the company’s stock worth $40,312,000 after purchasing an additional 75,700 shares in the last quarter. Eagle Rock Investment Company LLC boosted its stake in shares of Fidelity Total Bond ETF by 10.0% during the fourth quarter. Eagle Rock Investment Company LLC now owns 72,901 shares of the company’s stock valued at $3,356,000 after purchasing an additional 6,611 shares in the last quarter. EdgeRock Capital LLC grew its holdings in shares of Fidelity Total Bond ETF by 2.1% during the fourth quarter. EdgeRock Capital LLC now owns 397,956 shares of the company’s stock worth $18,322,000 after purchasing an additional 8,366 shares during the last quarter. KMG Fiduciary Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 4.2% during the fourth quarter. KMG Fiduciary Partners LLC now owns 341,405 shares of the company’s stock worth $15,718,000 after purchasing an additional 13,775 shares during the last quarter. Finally, Legacy Solutions LLC increased its stake in shares of Fidelity Total Bond ETF by 1.0% in the fourth quarter. Legacy Solutions LLC now owns 51,796 shares of the company’s stock valued at $2,385,000 after buying an additional 538 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.43 on Friday. The company has a 50 day simple moving average of $46.14 and a 200 day simple moving average of $46.29. The firm has a market cap of $23.76 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year 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. Shareholders of record on Thursday, February 26th were given a $0.161 dividend. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a yield of 4.3%.

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.