Centerline Wealth Advisors LLC Buys 35,123 Shares of Fidelity Total Bond ETF $FBND

Centerline Wealth Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 466,111 shares of the company’s stock after buying an additional 35,123 shares during the quarter. Fidelity Total Bond ETF comprises about 9.4% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 3rd largest holding. Centerline Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $21,553,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after buying an additional 4,963,926 shares in the last quarter. Bank of America Corp DE increased its position in Fidelity Total Bond ETF by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after purchasing an additional 629,015 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in Fidelity Total Bond ETF by 1.9% in the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after buying an additional 177,177 shares during the period. Country Trust Bank grew its stake in Fidelity Total Bond ETF by 3.3% during the second quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock worth $283,016,000 after purchasing an additional 194,869 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock valued at $259,347,000 after acquiring an additional 571,082 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $46.40 on Thursday. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The business has a 50-day simple moving average of $46.42 and a 200 day simple moving average of $46.08. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Company 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.