Pearl Planning LLC Takes $16.02 Million Position in Fidelity Total Bond ETF $FBND

Pearl Planning LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 351,175 shares of the company’s stock, valued at approximately $16,021,000. Fidelity Total Bond ETF comprises 8.6% of Pearl Planning LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds also recently modified their holdings of FBND. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at $32,000. Tucker Asset Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Finally, Key Capital Management INC purchased a new position in shares of Fidelity Total Bond ETF during the 4th quarter valued at $49,000.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.28 on Friday. The stock has a fifty day moving average of $45.48 and a 200-day moving average of $45.87. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

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.