Shorepoint Capital Partners LLC Invests $34.16 Million in Fidelity Total Bond ETF $FBND

Shorepoint Capital Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 738,826 shares of the company’s stock, valued at approximately $34,163,000. Fidelity Total Bond ETF makes up approximately 6.8% of Shorepoint Capital Partners LLC’s investment portfolio, making the stock its biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. Fifth Third Bancorp purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at about $27,000. Caldwell Trust Co purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $34,000. Brown Lisle Cummings Inc. acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $38,000. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF in the second quarter worth $49,000. Finally, Clarity Asset Management Inc. increased its position in shares of Fidelity Total Bond ETF by 285.3% during the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock worth $62,000 after purchasing an additional 1,010 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $46.19 on Tuesday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The stock’s fifty day moving average price is $46.44 and its 200 day moving average price is $46.02. The company has a market cap of $22.07 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.