Live Oak Investment Partners Takes $7.08 Million Position in Fidelity Total Bond ETF $FBND

Live Oak Investment Partners acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 162,632 shares of the company’s stock, valued at approximately $7,084,000. Fidelity Total Bond ETF comprises approximately 5.3% of Live Oak Investment Partners’ investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds have also recently bought and sold shares of FBND. Country Trust Bank increased its stake in shares of Fidelity Total Bond ETF by 1.4% in the 3rd quarter. Country Trust Bank now owns 6,272,214 shares of the company’s stock valued at $290,027,000 after buying an additional 86,070 shares during the period. BXM Wealth LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at about $222,000. Forbes Financial Planning Inc. increased its position in Fidelity Total Bond ETF by 2.1% in the third quarter. Forbes Financial Planning Inc. now owns 321,883 shares of the company’s stock worth $15,011,000 after purchasing an additional 6,597 shares during the period. Gerber LLC raised its holdings in Fidelity Total Bond ETF by 22.5% during the 3rd quarter. Gerber LLC now owns 25,128 shares of the company’s stock worth $1,162,000 after purchasing an additional 4,619 shares during the last quarter. Finally, Retirement Planning Group LLC NY raised its holdings in Fidelity Total Bond ETF by 5.3% during the 3rd quarter. Retirement Planning Group LLC NY now owns 87,006 shares of the company’s stock worth $4,038,000 after purchasing an additional 4,383 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $46.21 on Friday. The firm’s 50 day moving average price is $46.29 and its two-hundred day moving average price is $46.15. The stock has a market cap of $23.72 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

Fidelity Total Bond ETF 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.