Planning Project LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,359 shares of the company’s stock, valued at approximately $508,000. Fidelity Total Bond ETF accounts for about 0.1% of Planning Project LLC’s investment portfolio, making the stock its 23rd biggest position.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Total Bond ETF by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares during the period. Morgan Stanley increased its stake in Fidelity Total Bond ETF by 16.2% in the 4th 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 last quarter. Bank of America Corp DE increased its stake in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Fidelity Total Bond ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares in the last quarter.
Fidelity Total Bond ETF Stock Performance
Shares of FBND opened at $44.71 on Monday. The company has a market cap of $27.09 billion, a PE ratio of 8.94 and a beta of 0.27. The stock has a 50-day moving average price of $45.06 and a 200-day moving average price of $45.52. Fidelity Total Bond ETF has a 12-month low of $44.59 and a 12-month high of $46.86.
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.
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