Cyndeo Wealth Partners LLC Has $25.36 Million Stock Position in Fidelity Total Bond ETF $FBND

Cyndeo Wealth Partners LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,911 shares of the company’s stock after buying an additional 28,706 shares during the quarter. Fidelity Total Bond ETF accounts for 1.4% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 10th biggest holding. Cyndeo Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $25,364,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $34,000. Clearstead Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter valued at about $36,000. Maryland Capital Advisors Inc. increased its position in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares during the period. First Command Advisory Services Inc. bought a new position in Fidelity Total Bond ETF during the third quarter worth about $47,000. Finally, Fifth Third Bancorp raised its stake in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after purchasing an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.8%

NYSEARCA FBND opened at $45.51 on Friday. The firm has a 50-day moving average price of $46.20 and a two-hundred day moving average price of $46.32. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86. The company has a market capitalization of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a $0.161 dividend. 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.