Galvin Gaustad & Stein LLC Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Galvin Gaustad & Stein LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 48,093 shares of the company’s stock after buying an additional 5,887 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Fidelity Total Bond ETF were worth $2,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Marshall Financial Group LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth about $843,000. Cetera Investment Advisers grew its holdings in shares of Fidelity Total Bond ETF by 31.7% during the second quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after buying an additional 383,302 shares during the last quarter. Harbour Investments Inc. increased its holdings in Fidelity Total Bond ETF by 23.5% in the 2nd quarter. Harbour Investments Inc. now owns 287,684 shares of the company’s stock worth $12,926,000 after buying an additional 54,676 shares in the last quarter. Certified Advisory Corp lifted its stake in Fidelity Total Bond ETF by 4.9% during the 2nd quarter. Certified Advisory Corp now owns 268,452 shares of the company’s stock valued at $12,062,000 after acquiring an additional 12,660 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.7% during the 2nd quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after acquiring an additional 459 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of FBND stock opened at $45.69 on Friday. The firm has a market capitalization of $9.12 billion, a PE ratio of 8.85 and a beta of 0.19. The company has a 50 day moving average price of $46.34 and a 200-day moving average price of $45.70. Fidelity Total Bond ETF has a 52 week low of $43.34 and a 52 week high of $47.30.

Fidelity Total Bond ETF Company 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.