Sugar Maple Asset Management LLC Makes New $2.35 Million Investment in Fidelity Total Bond ETF $FBND

Sugar Maple Asset Management LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 51,000 shares of the company’s stock, valued at approximately $2,348,000. Fidelity Total Bond ETF comprises 1.6% of Sugar Maple Asset Management LLC’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors also recently made changes to their positions in the business. Rialto Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth $32,000. Caldwell Trust Co purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $34,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF during the third quarter valued at about $36,000. Maryland Capital Advisors Inc. grew its stake 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 valued at $38,000 after buying an additional 651 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $47,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.71 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The stock has a 50-day moving average of $46.10 and a 200-day moving average of $46.26. The firm has a market cap of $25.07 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a $0.161 dividend. This is an increase 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) dividend on an annualized basis and a yield of 4.2%.

About Fidelity Total Bond ETF

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.