Falcon Wealth Planning Boosts Position in Fidelity Total Bond ETF $FBND

Falcon Wealth Planning grew its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,505,536 shares of the company’s stock after purchasing an additional 150,902 shares during the quarter. Fidelity Total Bond ETF accounts for about 4.7% of Falcon Wealth Planning’s holdings, making the stock its 5th biggest holding. Falcon Wealth Planning’s holdings in Fidelity Total Bond ETF were worth $68,683,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Triangle Securities Wealth Management increased its holdings in shares of Fidelity Total Bond ETF by 8.7% in the 1st quarter. Triangle Securities Wealth Management now owns 103,709 shares of the company’s stock worth $4,731,000 after acquiring an additional 8,319 shares during the period. Hoxton Planning & Management LLC boosted its stake in Fidelity Total Bond ETF by 75.1% during the 1st quarter. Hoxton Planning & Management LLC now owns 33,104 shares of the company’s stock valued at $1,510,000 after purchasing an additional 14,201 shares during the period. KFG Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 9.2% during the 1st quarter. KFG Wealth Management LLC now owns 784,486 shares of the company’s stock valued at $35,788,000 after purchasing an additional 66,233 shares during the period. Silver Oak Securities Incorporated grew its position in Fidelity Total Bond ETF by 6.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 404,100 shares of the company’s stock worth $18,435,000 after purchasing an additional 26,046 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in Fidelity Total Bond ETF by 6.4% in the 1st quarter. Fiduciary Alliance LLC now owns 82,040 shares of the company’s stock worth $3,770,000 after purchasing an additional 4,903 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.76 on Friday. The firm’s 50 day moving average is $45.58 and its two-hundred day moving average is $45.93. The firm has a market capitalization of $25.64 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86.

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.