36,185 Shares in Fidelity Total Bond ETF $FBND Acquired by Summit Wealth Partners LLC

Summit Wealth Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 36,185 shares of the company’s stock, valued at approximately $1,666,000.

A number of other institutional investors also recently modified their holdings of FBND. Berger Financial Group Inc increased its position in Fidelity Total Bond ETF by 1.5% during the fourth quarter. Berger Financial Group Inc now owns 34,848 shares of the company’s stock worth $1,604,000 after acquiring an additional 509 shares during the period. Summit Financial Strategies Inc. grew its position in Fidelity Total Bond ETF by 4.3% in the 4th quarter. Summit Financial Strategies Inc. now owns 2,090,807 shares of the company’s stock worth $96,261,000 after purchasing an additional 85,577 shares during the last quarter. Greatmark Investment Partners Inc. acquired a new stake in Fidelity Total Bond ETF in the 4th quarter worth $241,000. Latitude Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 4.2% during the 4th quarter. Latitude Advisors LLC now owns 20,299 shares of the company’s stock worth $935,000 after purchasing an additional 819 shares during the period. Finally, Keystone Wealth Services LLC increased its holdings in shares of Fidelity Total Bond ETF by 1.1% during the 4th quarter. Keystone Wealth Services LLC now owns 179,828 shares of the company’s stock worth $8,279,000 after purchasing an additional 1,884 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $46.05 on Friday. The company has a 50-day simple moving average of $46.06 and a 200-day simple moving average of $46.23. Fidelity Total Bond ETF has a 52 week low of $44.73 and a 52 week high of $46.86. The firm has a market capitalization of $25.43 billion, a P/E ratio of 8.94 and a beta of 0.30.

Fidelity Total Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a dividend of $0.161 per share. This is a positive change 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 was Thursday, February 26th.

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.