Fidelity Total Bond ETF (NYSEARCA:FBND) Position Increased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 47.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,515 shares of the company’s stock after acquiring an additional 4,056 shares during the period. Gateway Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FBND. PNC Financial Services Group Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $58,000. Saxon Interests Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $230,000. KFG Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth $692,000. Valley National Advisers Inc. raised its holdings in shares of Fidelity Total Bond ETF by 10.8% during the first quarter. Valley National Advisers Inc. now owns 442,735 shares of the company’s stock worth $20,059,000 after acquiring an additional 43,256 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 5.5% during the first quarter. Cornerstone Wealth Management LLC now owns 148,846 shares of the company’s stock worth $6,744,000 after acquiring an additional 7,818 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.67 on Tuesday. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a one year low of $42.56 and a one year high of $47.30. The company’s fifty day moving average price is $46.53 and its two-hundred day moving average price is $45.64.

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.