Accredited Wealth Management LLC Sells 115,463 Shares of Fidelity Total Bond ETF $FBND

Accredited Wealth Management LLC lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 89.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,968 shares of the company’s stock after selling 115,463 shares during the quarter. Accredited Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Total Bond ETF by 6.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares during the last quarter. Bank of America Corp DE lifted its holdings in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after buying an additional 629,015 shares in the last quarter. Sagespring Wealth Partners LLC boosted its position in Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 9,869,968 shares of the company’s stock valued at $456,387,000 after buying an additional 136,223 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Fidelity Total Bond ETF by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after buying an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its stake 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 valued at $307,801,000 after buying an additional 786,693 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of FBND opened at $46.63 on Friday. The stock’s fifty day simple moving average is $46.25 and its 200-day simple moving average is $46.30. The firm has a market capitalization of $24.39 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 firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th will be given a dividend of $0.161 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, February 26th. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.