Fidelity Total Bond ETF $FBND is Investment Planning Advisors Inc.’s 8th Largest Position

Investment Planning Advisors Inc. lessened its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 26.5% during the third quarter, Holdings Channel reports. The fund owned 354,813 shares of the company’s stock after selling 127,704 shares during the period. Fidelity Total Bond ETF comprises 5.2% of Investment Planning Advisors Inc.’s holdings, making the stock its 8th biggest holding. Investment Planning Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $16,407,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FBND. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Fidelity Total Bond ETF by 3,844.5% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 39,839 shares of the company’s stock worth $1,819,000 after purchasing an additional 38,829 shares in the last quarter. Aprio Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 26.5% in the 1st quarter. Aprio Wealth Management LLC now owns 11,897 shares of the company’s stock worth $543,000 after buying an additional 2,494 shares during the last quarter. Gotham Asset Management LLC boosted its stake in Fidelity Total Bond ETF by 0.4% in the first quarter. Gotham Asset Management LLC now owns 396,330 shares of the company’s stock worth $18,092,000 after buying an additional 1,695 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Fidelity Total Bond ETF by 28.6% in the first quarter. Integrated Wealth Concepts LLC now owns 462,778 shares of the company’s stock worth $21,126,000 after buying an additional 103,037 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Fidelity Total Bond ETF by 8.3% during the first quarter. NewEdge Advisors LLC now owns 611,380 shares of the company’s stock valued at $27,909,000 after acquiring an additional 46,732 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.04 on Friday. The company has a market capitalization of $22.00 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company’s 50 day moving average price is $46.36 and its two-hundred day moving average price is $46.11.

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.