Centerline Wealth Advisors LLC Grows Stock Holdings in Fidelity Total Bond ETF $FBND

Centerline Wealth Advisors LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 466,111 shares of the company’s stock after acquiring an additional 35,123 shares during the quarter. Fidelity Total Bond ETF makes up about 9.4% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Centerline Wealth Advisors LLC owned approximately 0.10% of Fidelity Total Bond ETF worth $21,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after buying an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC raised its position in Fidelity Total Bond ETF by 4,220.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after buying an additional 1,970,997 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Fidelity Total Bond ETF by 64.3% in the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock worth $165,200,000 after purchasing an additional 1,412,766 shares in the last quarter. Jane Street Group LLC lifted its position in Fidelity Total Bond ETF by 8,037.4% during the 1st quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock worth $57,541,000 after buying an additional 1,244,998 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its position in Fidelity Total Bond ETF by 41.4% during the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock valued at $120,997,000 after purchasing an additional 774,471 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $46.40 on Thursday. The company has a market cap of $22.17 billion, a PE ratio of 8.94 and a beta of 0.28. The firm has a 50-day moving average of $46.42 and a 200-day moving average of $46.08. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86.

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.