Fidelity Total Bond ETF $FBND Stock Acquired by Essential Planning LLC.

Essential Planning LLC. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 24.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 204,785 shares of the company’s stock after buying an additional 40,595 shares during the period. Fidelity Total Bond ETF comprises 2.4% of Essential Planning LLC.’s investment portfolio, making the stock its 12th biggest holding. Essential Planning LLC.’s holdings in Fidelity Total Bond ETF were worth $8,867,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FBND. Bank of America Corp DE increased its stake in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares during the period. Cetera Investment Advisers raised its position in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after purchasing an additional 930,834 shares during the period. Sax Wealth Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC raised its holdings in 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 period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $43.76 on Thursday. The business has a fifty day moving average price of $44.20 and a 200-day moving average price of $45.01. The firm has a market capitalization of $28.21 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86.

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.