Dynasty Wealth Management LLC Grows Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Dynasty Wealth Management LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 142.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,940,413 shares of the company’s stock after acquiring an additional 1,725,938 shares during the quarter. Fidelity Total Bond ETF accounts for about 2.3% of Dynasty Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Dynasty Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $131,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of FBND. Wealthcare Capital Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 3.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after purchasing an additional 231 shares during the period. Dupree Financial Group LLC increased its stake in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock worth $677,000 after buying an additional 238 shares during the period. Waterfront Wealth Inc. raised its holdings in Fidelity Total Bond ETF by 0.9% during the 4th quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock valued at $1,252,000 after buying an additional 242 shares during the last quarter. Tritonpoint Wealth LLC boosted its position in Fidelity Total Bond ETF by 1.7% during the 4th quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after buying an additional 311 shares during the period. Finally, Galvin Gaustad & Stein LLC boosted its position in Fidelity Total Bond ETF by 0.8% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock valued at $2,175,000 after buying an additional 386 shares during the period.

Fidelity Total Bond ETF Trading Down 0.5 %

FBND stock opened at $45.66 on Friday. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s 50-day moving average price is $45.07 and its two-hundred day moving average price is $45.77. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 27th will be issued a dividend of $0.163 per share. The ex-dividend date of this dividend is Thursday, February 27th.

Fidelity Total Bond ETF 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.