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

Peapack Gladstone Financial Corp lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 40.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,125,704 shares of the company’s stock after purchasing an additional 325,786 shares during the quarter. Peapack Gladstone Financial Corp owned approximately 0.22% of Fidelity Total Bond ETF worth $51,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FBND. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 39.8% during the 4th quarter. Quotient Wealth Partners LLC now owns 4,892,228 shares of the company’s stock worth $225,238,000 after purchasing an additional 1,393,081 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Fidelity Total Bond ETF by 296.9% during the 4th quarter. Allworth Financial LP now owns 1,190,370 shares of the company’s stock worth $54,805,000 after purchasing an additional 890,484 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Fidelity Total Bond ETF by 37.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock worth $138,245,000 after purchasing an additional 816,419 shares in the last quarter. Finally, Modern Wealth Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 54.3% during the 3rd quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock worth $100,360,000 after purchasing an additional 764,134 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.52 on Monday. The stock’s fifty day simple moving average is $45.65 and its 200 day simple moving average is $46.04. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.82 and a one year 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.