LongView Wealth Management Has $11.58 Million Stock Position in Fidelity Total Bond ETF $FBND

LongView Wealth Management lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 250,934 shares of the company’s stock after purchasing an additional 44,268 shares during the quarter. Fidelity Total Bond ETF accounts for about 2.8% of LongView Wealth Management’s investment portfolio, making the stock its 7th largest holding. LongView Wealth Management’s holdings in Fidelity Total Bond ETF were worth $11,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CMH Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.1% in the fourth quarter. CMH Wealth Management LLC now owns 153,339 shares of the company’s stock worth $7,100,000 after buying an additional 6,085 shares during the period. 21 West Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 3.0% in the 4th quarter. 21 West Wealth Management LLC now owns 74,578 shares of the company’s stock valued at $3,434,000 after acquiring an additional 2,143 shares in the last quarter. CPA Asset Management Group LLC boosted its stake in Fidelity Total Bond ETF by 8.5% in the 4th quarter. CPA Asset Management Group LLC now owns 680,180 shares of the company’s stock worth $31,315,000 after purchasing an additional 53,374 shares during the period. Triangle Securities Wealth Management grew its position in Fidelity Total Bond ETF by 4.4% during the 4th quarter. Triangle Securities Wealth Management now owns 95,390 shares of the company’s stock worth $4,392,000 after purchasing an additional 4,038 shares in the last quarter. Finally, Paragon Advisors LLC raised its stake in Fidelity Total Bond ETF by 4.1% during the 4th quarter. Paragon Advisors LLC now owns 88,638 shares of the company’s stock valued at $4,081,000 after purchasing an additional 3,452 shares during the period.

Fidelity Total Bond ETF Stock Down 0.6%

FBND opened at $45.48 on Friday. The firm has a market capitalization of $23.79 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock has a fifty day moving average of $46.16 and a 200-day moving average of $46.30. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86.

Fidelity Total Bond ETF Increases Dividend

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

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.