Fidelity Total Bond ETF $FBND Position Raised by Forbes Financial Planning Inc.

Forbes Financial Planning Inc. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 169.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,286 shares of the company’s stock after acquiring an additional 198,077 shares during the period. Fidelity Total Bond ETF accounts for approximately 9.7% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its biggest holding. Forbes Financial Planning Inc. owned about 0.07% of Fidelity Total Bond ETF worth $14,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Capital Management Inc. lifted its stake in Fidelity Total Bond ETF by 3.1% during the 2nd quarter. Family Capital Management Inc. now owns 73,066 shares of the company’s stock valued at $3,343,000 after acquiring an additional 2,163 shares during the period. Tritonpoint Wealth LLC lifted its position in Fidelity Total Bond ETF by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock valued at $2,614,000 after purchasing an additional 1,239 shares during the period. Beacon Capital Management LLC lifted its position in Fidelity Total Bond ETF by 84.6% during the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock valued at $208,000 after purchasing an additional 2,085 shares during the period. Diversified Trust Co purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at $427,000. Finally, Cerity Partners LLC grew its position in Fidelity Total Bond ETF by 27.5% during the 1st quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after purchasing an additional 1,729 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.38 on Friday. The firm has a market capitalization of $22.16 billion, a P/E ratio of 8.94 and a beta of 0.28. The stock has a 50-day simple moving average of $46.42 and a two-hundred day simple moving average of $45.79. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

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.