Peapack Gladstone Financial Corp Has $51.83 Million Position in Fidelity Total Bond ETF $FBND

Peapack Gladstone Financial Corp grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,125,704 shares of the company’s stock after acquiring an additional 325,786 shares during the period. Peapack Gladstone Financial Corp’s holdings in Fidelity Total Bond ETF were worth $51,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of FBND. Cerity Partners LLC boosted its stake in Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares in the last quarter. Betterment LLC boosted its stake in Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the second quarter worth $49,000. Graney & King LLC raised its position in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $45.52 on Monday. The company has a market cap of $25.50 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86. The business has a fifty day moving average of $45.65 and a 200-day moving average of $46.04.

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.