Gainline Financial Partners LLC Takes $17.45 Million Position in Fidelity Total Bond ETF $FBND

by · The Cerbat Gem

Gainline Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 383,552 shares of the company’s stock, valued at approximately $17,448,000. Fidelity Total Bond ETF accounts for approximately 16.3% of Gainline Financial Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Gainline Financial Partners LLC owned 0.06% of Fidelity Total Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital Wealth Management LLC lifted its position in shares of Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after acquiring an additional 53,398 shares in the last quarter. Valley Wealth Managers Inc. boosted its stake in Fidelity Total Bond ETF by 149.5% in the 4th quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after purchasing an additional 37,588 shares during the period. Barry Investment Advisors LLC grew its position in Fidelity Total Bond ETF by 36.7% during the 2nd quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock worth $7,997,000 after purchasing an additional 47,024 shares in the last quarter. USAdvisors Wealth Management LLC grew its position in Fidelity Total Bond ETF by 5.3% during the 4th quarter. USAdvisors Wealth Management LLC now owns 243,175 shares of the company’s stock worth $11,195,000 after purchasing an additional 12,241 shares in the last quarter. Finally, Hicks Capital Management LLC raised its stake in Fidelity Total Bond ETF by 11.3% during the 4th quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock valued at $11,599,000 after purchasing an additional 25,669 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND opened at $44.71 on Friday. The stock has a fifty day moving average of $45.06 and a 200-day moving average of $45.53. The firm has a market capitalization of $27.09 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 12-month low of $44.59 and a 12-month high of $46.86.

Fidelity Total Bond ETF Profile

(Free Report)

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.

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