Galvin Gaustad & Stein LLC Purchases 386 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Galvin Gaustad & Stein LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,479 shares of the company’s stock after buying an additional 386 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Fidelity Total Bond ETF were worth $2,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Renaissance Technologies LLC bought a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $2,687,000. AE Wealth Management LLC lifted its stake in shares of Fidelity Total Bond ETF by 4.7% in the 2nd quarter. AE Wealth Management LLC now owns 10,296 shares of the company’s stock valued at $463,000 after purchasing an additional 459 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 12.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,988 shares of the company’s stock valued at $229,000 after purchasing an additional 570 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Fidelity Total Bond ETF by 17.9% in the 2nd quarter. Bank of Montreal Can now owns 9,217 shares of the company’s stock valued at $419,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of Fidelity Total Bond ETF by 2,296.1% in the 2nd quarter. Susquehanna International Group LLP now owns 278,262 shares of the company’s stock valued at $12,502,000 after purchasing an additional 266,649 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $44.87 on Thursday. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The business has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $45.85.

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.