Allegheny Financial Group Has $2.94 Million Stock Position in Fidelity Total Bond ETF $FBND

Allegheny Financial Group lowered its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,610 shares of the company’s stock after selling 41,309 shares during the quarter. Allegheny Financial Group’s holdings in Fidelity Total Bond ETF were worth $2,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FBND. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Total Bond ETF by 6.1% in the second 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. Bank of America Corp DE raised its position in Fidelity Total Bond ETF by 5.4% in the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC lifted its stake in Fidelity Total Bond ETF by 1.4% during the third quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock worth $456,387,000 after purchasing an additional 136,223 shares during the period. Dynasty Wealth Management LLC lifted its stake in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after purchasing an additional 786,693 shares during the period. Finally, Country Trust Bank boosted its holdings in Fidelity Total Bond ETF by 1.4% during the third quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock valued at $290,027,000 after purchasing an additional 86,070 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.3%

FBND stock opened at $46.32 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The business’s 50 day moving average is $46.18 and its 200-day moving average is $46.23. The firm has a market cap of $24.23 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were paid a dividend of $0.146 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, January 29th.

Fidelity Total Bond ETF 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.