Dakota Wealth Management Invests $9.52 Million in Fidelity Total Bond ETF $FBND

Dakota Wealth Management purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 206,822 shares of the company’s stock, valued at approximately $9,522,000.

A number of other large investors also recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at $32,000. Caldwell Trust Co purchased a new stake in Fidelity Total Bond ETF in the second quarter worth $34,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter worth $36,000. Maryland Capital Advisors Inc. lifted its position in shares of 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 purchasing an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at $47,000.

Fidelity Total Bond ETF Trading Down 0.6%

NYSEARCA FBND opened at $45.48 on Friday. The company’s 50-day moving average price is $46.16 and its 200-day moving average price is $46.30. The stock has a market cap of $23.79 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 business also recently disclosed 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 a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a 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.