Live Oak Investment Partners Takes Position in Fidelity Total Bond ETF $FBND

Live Oak Investment Partners purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 162,632 shares of the company’s stock, valued at approximately $7,084,000. Fidelity Total Bond ETF makes up 3.5% of Live Oak Investment Partners’ investment portfolio, making the stock its 4th largest holding.

Other large investors have also added to or reduced their stakes in the company. GWN Securities Inc. raised its position in Fidelity Total Bond ETF by 1.3% in the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock worth $1,017,000 after acquiring an additional 277 shares during the period. Insight Wealth Strategies LLC increased its stake in shares of Fidelity Total Bond ETF by 1.6% during the 3rd quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock worth $811,000 after purchasing an additional 281 shares during the last quarter. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 8.9% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 3,508 shares of the company’s stock worth $162,000 after purchasing an additional 288 shares during the period. Cedar Point Capital Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 21,005 shares of the company’s stock worth $971,000 after purchasing an additional 292 shares during the period. Finally, AssuredPartners Investment Advisors LLC lifted its stake in Fidelity Total Bond ETF by 1.8% in the third quarter. AssuredPartners Investment Advisors LLC now owns 17,722 shares of the company’s stock valued at $819,000 after purchasing an additional 311 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.11 on Tuesday. The business has a fifty day simple moving average of $46.28 and a two-hundred day simple moving average of $46.17. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The company has a market capitalization of $23.81 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.