Retirement Planning Group LLC Buys 164,392 Shares of Fidelity Total Bond ETF $FBND

Retirement Planning Group LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% during the 3rd quarter, Holdings Channel reports. The fund owned 3,317,717 shares of the company’s stock after acquiring an additional 164,392 shares during the period. Fidelity Total Bond ETF makes up about 3.3% of Retirement Planning Group LLC’s investment portfolio, making the stock its 11th largest position. Retirement Planning Group LLC’s holdings in Fidelity Total Bond ETF were worth $143,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 7.9% during the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after acquiring an additional 587,351 shares during the period. Cetera Investment Advisers grew 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 last quarter. Sax Wealth Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after purchasing an additional 2,236,473 shares during the last quarter. Finally, Legacy Wealth Management LLC grew its position in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3%

Shares of NYSEARCA FBND opened at $43.68 on Tuesday. The firm has a market cap of $28.16 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.86. The business’s 50 day moving average is $44.25 and its 200-day moving average is $45.03.

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.