Cornerstone Wealth Group LLC Acquires New Stake in Fidelity Total Bond ETF (FBND)

Cornerstone Wealth Group LLC acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, HoldingsChannel.com reports. The firm acquired 499,942 shares of the company’s stock, valued at approximately $24,977,000. Fidelity Total Bond ETF makes up approximately 6.3% of Cornerstone Wealth Group LLC’s portfolio, making the stock its biggest holding.

Several other hedge funds have also modified their holdings of the stock. Epstein & White Financial LLC raised its position in shares of Fidelity Total Bond ETF by 8.1% in the first quarter. Epstein & White Financial LLC now owns 464,925 shares of the company’s stock worth $23,217,000 after buying an additional 34,944 shares in the last quarter. CMH Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the first quarter worth $16,413,000. Shakespeare Wealth Management Inc. purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $10,408,000. Commonwealth Equity Services LLC raised its position in Fidelity Total Bond ETF by 6.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 144,424 shares of the company’s stock valued at $7,008,000 after purchasing an additional 8,970 shares in the last quarter. Finally, Vicus Capital purchased a new stake in Fidelity Total Bond ETF during the fourth quarter valued at about $6,212,000.

NYSEARCA FBND opened at $50.05 on Wednesday. Fidelity Total Bond ETF has a twelve month low of $47.89 and a twelve month high of $50.10.

The company also recently declared a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 29th were given a dividend of $0.132 per share. This is an increase from Fidelity Total Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.58 dividend on an annualized basis and a yield of 3.16%.

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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND).

Institutional Ownership by Quarter for Fidelity Total Bond ETF (NYSEARCA:FBND)

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