OLIO Financial Planning Raises Stock Position in Fidelity Total Bond ETF $FBND

OLIO Financial Planning boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.5% in the second quarter, HoldingsChannel.com reports. The firm owned 884,042 shares of the company’s stock after buying an additional 29,876 shares during the period. Fidelity Total Bond ETF accounts for about 12.7% of OLIO Financial Planning’s investment portfolio, making the stock its 4th largest holding. OLIO Financial Planning’s holdings in Fidelity Total Bond ETF were worth $40,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Total Bond ETF by 10.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 81,162,777 shares of the company’s stock valued at $3,705,081,000 after buying an additional 7,778,802 shares during the period. JPMorgan Chase & Co. boosted its holdings in Fidelity Total Bond ETF by 42.2% in the first quarter. JPMorgan Chase & Co. now owns 10,231,902 shares of the company’s stock valued at $467,086,000 after acquiring an additional 3,037,583 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in Fidelity Total Bond ETF by 8.5% during the 1st quarter. Sagespring Wealth Partners LLC now owns 9,556,568 shares of the company’s stock valued at $436,257,000 after purchasing an additional 746,666 shares during the period. Dynasty Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 103.0% during the 1st quarter. Dynasty Wealth Management LLC now owns 5,970,330 shares of the company’s stock worth $272,546,000 after purchasing an additional 3,029,917 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Fidelity Total Bond ETF by 10.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock worth $232,710,000 after purchasing an additional 490,739 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.63 on Wednesday. The firm’s fifty day moving average is $45.86 and its 200-day moving average is $45.53. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $47.30. The firm has a market cap of $20.16 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.