Weatherly Asset Management L. P. Acquires 42,252 Shares of Fidelity Total Bond ETF $FBND

Weatherly Asset Management L. P. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 882,620 shares of the company’s stock after buying an additional 42,252 shares during the period. Fidelity Total Bond ETF accounts for about 3.1% of Weatherly Asset Management L. P.’s holdings, making the stock its 5th biggest holding. Weatherly Asset Management L. P.’s holdings in Fidelity Total Bond ETF were worth $40,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Rialto Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at about $32,000. Caldwell Trust Co acquired a new stake in Fidelity Total Bond ETF during the second quarter worth about $34,000. Clearstead Advisors LLC purchased a new position in Fidelity Total Bond ETF during the third quarter valued at approximately $36,000. Maryland Capital Advisors Inc. lifted its holdings in Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after acquiring an additional 651 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $47,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $45.61 on Thursday. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50 day simple moving average is $46.11 and its 200-day simple moving average is $46.27. 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 disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were issued a $0.161 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.