Fidelity Total Bond ETF $FBND Stock Position Raised by Falcon Wealth Planning

Falcon Wealth Planning raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,505,536 shares of the company’s stock after purchasing an additional 150,902 shares during the period. Fidelity Total Bond ETF comprises approximately 4.7% of Falcon Wealth Planning’s holdings, making the stock its 5th largest holding. Falcon Wealth Planning owned about 0.27% of Fidelity Total Bond ETF worth $68,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth $25,000. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth about $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $36,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at about $37,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.76 on Friday. The stock has a market capitalization of $25.64 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The company’s 50-day simple moving average is $45.58 and its 200-day simple moving average is $45.93.

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.