Investment Planning Advisors Inc. grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 225,245 shares of the company’s stock after purchasing an additional 13,498 shares during the quarter. Fidelity Total Bond ETF accounts for 4.4% of Investment Planning Advisors Inc.’s portfolio, making the stock its 8th largest position. Investment Planning Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $10,107,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of FBND. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $30,000. Highline Wealth Partners LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth about $47,000. Darwin Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth about $54,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Fidelity Total Bond ETF during the third quarter valued at about $87,000.
Fidelity Total Bond ETF Price Performance
Shares of FBND opened at $45.12 on Tuesday. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The company has a 50-day moving average of $45.26 and a two-hundred day moving average of $45.85. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.
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.
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