Meriwether Wealth & Planning LLC Makes New $14 Million Investment in Fidelity Total Bond ETF (NYSEARCA:FBND)

Meriwether Wealth & Planning LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 312,070 shares of the company’s stock, valued at approximately $14,003,000. Fidelity Total Bond ETF accounts for 10.0% of Meriwether Wealth & Planning LLC’s portfolio, making the stock its 3rd largest position. Meriwether Wealth & Planning LLC owned about 0.16% of Fidelity Total Bond ETF at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Wealthcare Capital Management LLC raised its position in shares of Fidelity Total Bond ETF by 3.0% in the fourth quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock valued at $356,000 after buying an additional 231 shares during the last quarter. Dupree Financial Group LLC raised its position 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 valued at $677,000 after buying an additional 238 shares during the last quarter. Waterfront Wealth Inc. raised its position in shares of Fidelity Total Bond ETF by 0.9% in the fourth 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 raised its position in shares of Fidelity Total Bond ETF by 1.7% in the fourth 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 last quarter. Finally, Galvin Gaustad & Stein LLC increased its position in Fidelity Total Bond ETF by 0.8% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 48,479 shares of the company’s stock worth $2,175,000 after purchasing an additional 386 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1 %

Fidelity Total Bond ETF stock opened at $45.56 on Monday. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The stock has a market cap of $17.92 billion, a P/E ratio of 9.09 and a beta of 0.26. The company has a 50-day moving average price of $45.15 and a 200 day moving average price of $45.73.

Fidelity Total Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, February 27th.

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.