Retirement Planning Group LLC Increases Stake in Fidelity Total Bond ETF $FBND

Retirement Planning Group LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,843,873 shares of the company’s stock after buying an additional 353,665 shares during the period. Fidelity Total Bond ETF comprises 4.0% of Retirement Planning Group LLC’s investment portfolio, making the stock its 10th largest position. Retirement Planning Group LLC owned 0.51% of Fidelity Total Bond ETF worth $129,737,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FBND. Bleakley Financial Group LLC boosted its stake in Fidelity Total Bond ETF by 3.1% in the first quarter. Bleakley Financial Group LLC now owns 902,747 shares of the company’s stock worth $41,183,000 after buying an additional 26,898 shares in the last quarter. Archer Investment Corp raised its stake in shares of Fidelity Total Bond ETF by 17.2% during the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after acquiring an additional 325 shares in the last quarter. NWF Advisory Services Inc. raised its stake in shares of Fidelity Total Bond ETF by 34.6% during the first quarter. NWF Advisory Services Inc. now owns 24,672 shares of the company’s stock worth $1,126,000 after acquiring an additional 6,348 shares in the last quarter. Uptick Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 27.8% in the 1st quarter. Uptick Partners LLC now owns 85,039 shares of the company’s stock worth $3,880,000 after acquiring an additional 18,501 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Fidelity Total Bond ETF by 35.5% in the 1st quarter. Diversify Wealth Management LLC now owns 247,046 shares of the company’s stock worth $11,241,000 after acquiring an additional 64,734 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.10 on Tuesday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The company has a fifty day moving average of $45.47 and a 200-day moving average of $45.86. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF 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.