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

Galvin Gaustad & Stein LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,479 shares of the company’s stock after purchasing an additional 386 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Fidelity Total Bond ETF were worth $2,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC purchased a new position in Fidelity Total Bond ETF during the 3rd quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $30,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $47,000. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $87,000.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $44.87 on Thursday. The stock 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 fifty day moving average price of $45.27 and a 200-day moving average price 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.