RCW Management LLC Takes Position in Fidelity Total Bond ETF $FBND

RCW Management LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,723 shares of the company’s stock, valued at approximately $816,000.

Other hedge funds also recently modified their holdings of the company. Dupree Financial Group LLC lifted its stake in Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after buying an additional 219 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after buying an additional 220 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in Fidelity Total Bond ETF by 2.6% in the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after buying an additional 241 shares in the last quarter. GWN Securities Inc. lifted its stake in Fidelity Total Bond ETF by 1.3% in the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after buying an additional 277 shares in the last quarter. Finally, Capital CS Group LLC lifted its stake in Fidelity Total Bond ETF by 4.8% in the third quarter. Capital CS Group LLC now owns 6,224 shares of the company’s stock valued at $288,000 after buying an additional 286 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND traded up $0.05 during trading on Thursday, reaching $45.55. The company had a trading volume of 646,990 shares, compared to its average volume of 2,830,725. Fidelity Total Bond ETF has a 12 month low of $44.73 and a 12 month high of $46.86. The company has a market cap of $25.39 billion, a P/E ratio of 8.94 and a beta of 0.30. The business’s fifty day moving average price is $45.97 and its 200 day moving average price is $46.20.

Fidelity Total Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were issued a $0.161 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15. 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.