Fidelity Total Bond ETF $FBND Stock Position Boosted by Shakespeare Wealth Management LLC

Shakespeare Wealth Management LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 730,293 shares of the company’s stock after purchasing an additional 53,803 shares during the quarter. Fidelity Total Bond ETF comprises about 7.7% of Shakespeare Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Shakespeare Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $33,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of FBND. Tsfg LLC boosted its holdings in Fidelity Total Bond ETF by 35.2% in the 3rd quarter. Tsfg LLC now owns 157,521 shares of the company’s stock worth $7,284,000 after acquiring an additional 40,974 shares during the period. Money Concepts Capital Corp bought a new position in Fidelity Total Bond ETF during the 3rd quarter valued at $237,000. Greykasell Wealth Strategies Inc. grew its holdings in Fidelity Total Bond ETF by 1.7% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 167,906 shares of the company’s stock worth $7,764,000 after acquiring an additional 2,780 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Fidelity Total Bond ETF by 40.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 351,712 shares of the company’s stock worth $16,277,000 after purchasing an additional 101,997 shares during the last quarter. Finally, TFB Advisors LLC increased its position in shares of Fidelity Total Bond ETF by 51.6% in the 3rd quarter. TFB Advisors LLC now owns 120,477 shares of the company’s stock worth $5,611,000 after purchasing an additional 41,024 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.94 on Tuesday. The stock has a market capitalization of $24.03 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company’s 50-day simple moving average is $46.22 and its 200-day simple moving average is $46.21.

Fidelity Total Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were issued a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, January 29th.

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.