Investment Planning Advisors Inc. Acquires 258,834 Shares of Fidelity Total Bond ETF $FBND

Investment Planning Advisors Inc. grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 115.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,517 shares of the company’s stock after acquiring an additional 258,834 shares during the period. Fidelity Total Bond ETF comprises about 7.8% of Investment Planning Advisors Inc.’s portfolio, making the stock its 5th largest holding. Investment Planning Advisors Inc. owned 0.11% of Fidelity Total Bond ETF worth $22,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Total Bond ETF by 10.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock worth $3,705,081,000 after purchasing an additional 7,778,802 shares during the period. JPMorgan Chase & Co. increased its position in Fidelity Total Bond ETF by 42.2% during the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock worth $467,086,000 after buying an additional 3,037,583 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 8.5% during the first quarter. Sagespring Wealth Partners LLC now owns 9,556,568 shares of the company’s stock worth $436,257,000 after buying an additional 746,666 shares during the last quarter. Dynasty Wealth Management LLC increased its position in Fidelity Total Bond ETF by 103.0% during the first quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after buying an additional 3,029,917 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Fidelity Total Bond ETF by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock worth $232,710,000 after buying an additional 490,739 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.2%

Shares of NYSEARCA FBND opened at $46.41 on Friday. The business’s 50 day moving average price is $46.07 and its two-hundred day moving average price is $45.59. The company has a market cap of $21.21 billion, a PE ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.75.

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.