Capital Wealth Management LLC Purchases 128,794 Shares of Fidelity Total Bond ETF $FBND

Capital Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 572,115 shares of the company’s stock after buying an additional 128,794 shares during the quarter. Fidelity Total Bond ETF makes up approximately 8.5% of Capital Wealth Management LLC’s portfolio, making the stock its 4th largest position. Capital Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $26,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Rialto Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Clearstead Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $36,000. First Command Advisory Services Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF during the second quarter worth approximately $49,000. Finally, Fifth Third Bancorp raised its position in shares of Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after buying an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of FBND stock opened at $45.56 on Friday. The stock has a market cap of $25.39 billion, a P/E ratio of 8.94 and a beta of 0.30. Fidelity Total Bond ETF has a 1 year low of $44.73 and a 1 year high of $46.86. The stock has a 50 day simple moving average of $45.95 and a 200 day simple moving average of $46.20.

Fidelity Total Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were issued a dividend of $0.161 per share. 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) annualized dividend and a dividend 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.