Planning Project LLC Takes Position in Fidelity Total Bond ETF $FBND

Planning Project LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,359 shares of the company’s stock, valued at approximately $508,000. Fidelity Total Bond ETF makes up approximately 0.1% of Planning Project LLC’s holdings, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Fidelity Total Bond ETF by 16.2% in the fourth quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after acquiring an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Align Financial LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $141,726,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares during the period. Finally, Legacy Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $44.71 on Monday. Fidelity Total Bond ETF has a 52-week low of $44.59 and a 52-week high of $46.86. The stock’s 50-day simple moving average is $45.06 and its 200 day simple moving average is $45.52. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.