Fidelity Total Bond ETF $FBND Stock Position Reduced by Centerline Wealth Advisors LLC

Centerline Wealth Advisors LLC lessened its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 278,291 shares of the company’s stock after selling 187,820 shares during the quarter. Fidelity Total Bond ETF accounts for about 4.6% of Centerline Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Centerline Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $12,813,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Kingsview Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the second quarter worth $314,000. MAI Capital Management boosted its position in Fidelity Total Bond ETF by 431.3% during the second quarter. MAI Capital Management now owns 3,204 shares of the company’s stock valued at $147,000 after purchasing an additional 2,601 shares during the last quarter. Shakespeare Wealth Management LLC boosted its position in Fidelity Total Bond ETF by 4.6% during the second quarter. Shakespeare Wealth Management LLC now owns 676,490 shares of the company’s stock valued at $30,949,000 after purchasing an additional 29,716 shares during the last quarter. Forum Private Client Group LLC grew its stake in Fidelity Total Bond ETF by 69.7% in the second quarter. Forum Private Client Group LLC now owns 18,975 shares of the company’s stock valued at $868,000 after purchasing an additional 7,795 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at about $25,450,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.51 on Monday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The stock’s 50-day moving average is $46.20 and its two-hundred day moving average is $46.32. The firm has a market cap of $23.80 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a $0.161 dividend. This is an increase 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%. The ex-dividend date was Thursday, February 26th.

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.