Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 200.4% in the 4th quarter, Holdings Channel reports. The fund owned 184,887 shares of the company’s stock after buying an additional 123,333 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $8,296,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FBND. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $30,000. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth approximately $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $87,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.11 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30. The business’s fifty day moving average price is $45.16 and its two-hundred day moving average price is $45.82. The company has a market capitalization of $9.00 billion, a P/E ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF 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.