Fidelity Total Bond ETF $FBND is OLIO Financial Planning’s 4th Largest Position

OLIO Financial Planning grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,084,423 shares of the company’s stock after purchasing an additional 66,217 shares during the quarter. Fidelity Total Bond ETF comprises 12.2% of OLIO Financial Planning’s holdings, making the stock its 4th biggest position. OLIO Financial Planning’s holdings in Fidelity Total Bond ETF were worth $49,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Capital Wealth Management LLC increased its holdings in shares of Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after purchasing an additional 53,398 shares in the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of Fidelity Total Bond ETF by 5.8% during the fourth quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock valued at $15,204,000 after purchasing an additional 18,123 shares in the last quarter. Juno Financial Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at $18,667,000. Summit Financial Strategies Inc. boosted its position in shares of Fidelity Total Bond ETF by 4.3% during the fourth quarter. Summit Financial Strategies Inc. now owns 2,090,807 shares of the company’s stock valued at $96,261,000 after buying an additional 85,577 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in Fidelity Total Bond ETF by 149.5% in the 4th quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after buying an additional 37,588 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.04 on Friday. The firm has a market cap of $27.29 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business has a 50-day simple moving average of $45.27 and a two-hundred day simple moving average of $45.67. Fidelity Total Bond ETF has a fifty-two week low of $44.65 and a fifty-two week high of $46.86.

About Fidelity Total Bond ETF

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.