Essential Planning LLC. Raises Stake in Fidelity Total Bond ETF $FBND

Essential Planning LLC. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,614 shares of the company’s stock after buying an additional 34,329 shares during the period. Fidelity Total Bond ETF accounts for about 1.3% of Essential Planning LLC.’s portfolio, making the stock its 18th largest position. Essential Planning LLC.’s holdings in Fidelity Total Bond ETF were worth $4,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $34,000. Clearstead Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $36,000. Maryland Capital Advisors Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock valued at $38,000 after purchasing an additional 651 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in Fidelity Total Bond ETF in the third quarter worth approximately $47,000.

Fidelity Total Bond ETF Stock Up 0.3%

Shares of NYSEARCA:FBND opened at $45.62 on Wednesday. The business’s 50 day moving average is $46.12 and its 200 day moving average is $46.28. The stock has a market cap of $23.86 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.161 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.