Fidelity Total Bond ETF $FBND Stock Position Lifted by Retirement Planning Group LLC

Retirement Planning Group LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,087,492 shares of the company’s stock after purchasing an additional 122,652 shares during the period. Fidelity Total Bond ETF comprises approximately 4.1% of Retirement Planning Group LLC’s holdings, making the stock its 10th largest position. Retirement Planning Group LLC owned approximately 0.49% of Fidelity Total Bond ETF worth $95,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FBND. First Pacific Financial purchased a new position in Fidelity Total Bond ETF during the first quarter valued at approximately $25,000. Fifth Third Bancorp purchased a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $27,000. Tsfg LLC purchased a new position in Fidelity Total Bond ETF during the first quarter valued at approximately $29,000. Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $38,000. Finally, Iron Horse Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the first quarter valued at approximately $60,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $46.81 on Wednesday. The company’s 50 day moving average price is $46.26 and its 200 day moving average price is $45.67. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.85. The company has a market capitalization of $21.87 billion, a PE ratio of 8.94 and a beta of 0.17.

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.