Plan A Wealth LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 75.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,641 shares of the company’s stock after buying an additional 19,250 shares during the quarter. Fidelity Total Bond ETF comprises about 0.7% of Plan A Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. Plan A Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the stock. Waverly Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 521.8% during the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after acquiring an additional 3,219,570 shares in the last quarter. Align Financial LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $141,726,000. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after buying an additional 2,374,913 shares during the last quarter. Legacy Wealth Management LLC boosted its holdings 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 acquiring an additional 1,995,732 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 32.9% in the first quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after purchasing an additional 1,609,056 shares during the last quarter.
Fidelity Total Bond ETF Stock Up 0.3%
Shares of Fidelity Total Bond ETF stock traded up $0.12 during trading hours on Thursday, reaching $43.44. 3,008,450 shares of the stock traded hands, compared to its average volume of 3,121,499. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company has a 50 day moving average price of $44.46 and a 200 day moving average price of $45.15.
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.
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