Dogwood Wealth Management LLC Increases Stock Holdings in Fidelity Total Bond ETF $FBND

Dogwood Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,732 shares of the company’s stock after purchasing an additional 16,218 shares during the quarter. Fidelity Total Bond ETF accounts for 6.7% of Dogwood Wealth Management LLC’s portfolio, making the stock its biggest holding. Dogwood Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $13,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Pacific Financial bought a new position in Fidelity Total Bond ETF in the first quarter valued at about $25,000. Fifth Third Bancorp bought a new position in Fidelity Total Bond ETF in the second quarter valued at about $27,000. Tsfg LLC bought a new position in Fidelity Total Bond ETF in the first quarter valued at about $29,000. NBC Securities Inc. bought a new position in Fidelity Total Bond ETF in the first quarter valued at about $28,000. Finally, Sound Income Strategies LLC increased its position in Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after buying an additional 306 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

Shares of FBND opened at $46.24 on Wednesday. The business has a 50-day simple moving average of $46.04 and a two-hundred day simple moving average of $45.58. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.95.

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.