CRA Financial Services LLC Boosts Holdings in Fidelity Total Bond ETF $FBND

CRA Financial Services LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,289 shares of the company’s stock after acquiring an additional 16,839 shares during the period. Fidelity Total Bond ETF accounts for about 0.8% of CRA Financial Services LLC’s holdings, making the stock its 27th biggest position. CRA Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $6,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. Bank of America Corp DE raised its holdings in shares of Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares during the period. Sagespring Wealth Partners LLC lifted its stake in Fidelity Total Bond ETF by 3.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after purchasing an additional 311,221 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after purchasing an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC grew its holdings in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after purchasing an additional 786,693 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.61 on Thursday. The business has a fifty day simple moving average of $46.11 and a two-hundred day simple moving average of $46.27. 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 capitalization of $23.85 billion, a P/E ratio of 8.94 and a beta of 0.28.

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 paid a dividend of $0.161 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. 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.

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.