CPA Asset Management Group LLC Increases Holdings in Fidelity Total Bond ETF $FBND

CPA Asset Management Group LLC raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,180 shares of the company’s stock after purchasing an additional 53,374 shares during the period. Fidelity Total Bond ETF makes up approximately 11.0% of CPA Asset Management Group LLC’s investment portfolio, making the stock its biggest position. CPA Asset Management Group LLC owned 0.13% of Fidelity Total Bond ETF worth $31,315,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at about $32,000. Caldwell Trust Co bought a new position in Fidelity Total Bond ETF in the second quarter valued at about $34,000. Clearstead Advisors LLC acquired a new position in Fidelity Total Bond ETF during the third quarter worth about $36,000. Maryland Capital Advisors Inc. raised its stake 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 in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $47,000.

Fidelity Total Bond ETF Trading Down 0.6%

FBND opened at $45.48 on Friday. The company’s 50 day moving average is $46.16 and its 200-day moving average is $46.30. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The company has a market cap of $23.79 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were given 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.