Canvas Wealth Advisors LLC Buys 11,013 Shares of Fidelity Total Bond ETF $FBND

Canvas Wealth Advisors LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 20.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,316 shares of the company’s stock after purchasing an additional 11,013 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,025,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Caldwell Trust Co purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $34,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. Maryland Capital Advisors Inc. lifted its position in shares of Fidelity Total Bond ETF by 378.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after buying an additional 651 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000.

Fidelity Total Bond ETF Stock Up 0.4%

FBND stock opened at $45.75 on Thursday. The firm has a market cap of $23.93 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a 50 day moving average of $46.17 and a 200-day moving average of $46.31. 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 firm 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 an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th.

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.