Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 comprises 4.4% of Investment Planning Advisors Inc.’s portfolio, making the stock its 8th largest position. Investment Planning Advisors Inc. owned approximately 0.11% of Fidelity Total Bond ETF worth $10,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FBND. Rockefeller Capital Management L.P. grew its position in shares of Fidelity Total Bond ETF by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock worth $1,869,000 after acquiring an additional 1,188 shares during the last quarter. Marshall Financial Group LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $843,000. Arete Wealth Advisors LLC grew its position in Fidelity Total Bond ETF by 78.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock worth $20,923,000 after purchasing an additional 196,783 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Fidelity Total Bond ETF by 31.7% in the second quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after purchasing an additional 383,302 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.12 on Tuesday. The business has a 50 day simple moving average of $45.26 and a 200 day simple moving average of $45.85. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30.

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.