Fidelity Total Bond ETF $FBND Shares Bought by Next Level Wealth Planning LLC

Next Level Wealth Planning LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.1% during the second quarter, Holdings Channel reports. The institutional investor owned 25,027 shares of the company’s stock after acquiring an additional 5,029 shares during the quarter. Fidelity Total Bond ETF makes up approximately 0.7% of Next Level Wealth Planning LLC’s investment portfolio, making the stock its 12th largest position. Next Level Wealth Planning LLC’s holdings in Fidelity Total Bond ETF were worth $1,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FBND. First Pacific Financial purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth approximately $25,000. Fifth Third Bancorp acquired a new position in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $27,000. NBC Securities Inc. purchased a new position in Fidelity Total Bond ETF in the first quarter valued at $28,000. Tsfg LLC purchased a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at about $29,000. Finally, Sound Income Strategies LLC grew its holdings in Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares in the last quarter.

Fidelity Total Bond ETF Trading Down 0.2%

FBND stock opened at $46.33 on Monday. The company’s 50 day moving average is $46.08 and its two-hundred day moving average is $45.60. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.75. The stock has a market cap of $21.27 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.