Retirement Planning Group LLC NY Invests $3.75 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

Retirement Planning Group LLC NY purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 83,476 shares of the company’s stock, valued at approximately $3,746,000. Fidelity Total Bond ETF comprises about 4.1% of Retirement Planning Group LLC NY’s portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $25,000. Lindbrook Capital LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $32,000. Tucker Asset Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $36,000. Brown Brothers Harriman & Co. purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $59,000. Finally, Rothschild Investment LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth $63,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $44.98 on Friday. The company’s fifty day simple moving average is $45.28 and its 200-day simple moving average is $45.31. The stock has a market capitalization of $18.21 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.30.

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.