Gateway Wealth Partners LLC Boosts Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Gateway Wealth Partners LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,459 shares of the company’s stock after acquiring an additional 1,100 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Fidelity Total Bond ETF were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $32,000. Centerpoint Advisors LLC purchased a new position in Fidelity Total Bond ETF in the first quarter valued at $37,000. Pineridge Advisors LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at $46,000. Strategic Financial Concepts LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at $49,000. Finally, Bell Investment Advisors Inc purchased a new position in Fidelity Total Bond ETF in the second quarter valued at $55,000.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.74 on Tuesday. The firm has a market capitalization of $9.33 billion, a PE ratio of 8.85 and a beta of 0.19. The business’s fifty day moving average price is $46.45 and its 200 day moving average price is $45.48. Fidelity Total Bond ETF has a 12 month low of $42.45 and a 12 month high of $47.30.

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.