Galvin Gaustad & Stein LLC Acquires 5,887 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Galvin Gaustad & Stein LLC grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,093 shares of the company’s stock after acquiring an additional 5,887 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Fidelity Total Bond ETF were worth $2,248,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FBND. ABLE Financial Group LLC grew its stake in Fidelity Total Bond ETF by 206.2% in the 3rd quarter. ABLE Financial Group LLC now owns 206,136 shares of the company’s stock worth $9,635,000 after buying an additional 138,821 shares in the last quarter. TFB Advisors LLC raised its position in Fidelity Total Bond ETF by 394.4% in the 3rd quarter. TFB Advisors LLC now owns 26,940 shares of the company’s stock worth $1,259,000 after purchasing an additional 21,491 shares during the period. Trademark Financial Management LLC bought a new stake in Fidelity Total Bond ETF in the third quarter worth $368,000. Spinnaker Trust lifted its stake in Fidelity Total Bond ETF by 6.9% in the third quarter. Spinnaker Trust now owns 119,143 shares of the company’s stock worth $5,569,000 after purchasing an additional 7,740 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Fidelity Total Bond ETF by 118.9% during the third quarter. Concurrent Investment Advisors LLC now owns 78,692 shares of the company’s stock valued at $3,678,000 after buying an additional 42,740 shares during the period.

Fidelity Total Bond ETF Trading Up 0.2 %

FBND opened at $45.69 on Friday. Fidelity Total Bond ETF has a 12 month low of $43.34 and a 12 month high of $47.30. The business’s 50-day moving average price is $46.34 and its 200-day moving average price is $45.70. The company has a market cap of $9.12 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.