Falcon Wealth Planning Has $49.78 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Falcon Wealth Planning raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,109,388 shares of the company’s stock after acquiring an additional 22,470 shares during the quarter. Fidelity Total Bond ETF comprises 5.5% of Falcon Wealth Planning’s holdings, making the stock its 4th largest position. Falcon Wealth Planning owned 0.56% of Fidelity Total Bond ETF worth $49,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FBND. FMR LLC increased its position in Fidelity Total Bond ETF by 2.2% during the third quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after acquiring an additional 267,811 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fidelity Total Bond ETF by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock worth $241,622,000 after purchasing an additional 520,113 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Fidelity Total Bond ETF by 6.2% during the fourth quarter. RFG Advisory LLC now owns 4,293,510 shares of the company’s stock worth $192,650,000 after purchasing an additional 250,764 shares during the period. Mather Group LLC. raised its position in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after buying an additional 3,461,472 shares in the last quarter. Finally, Legacy Wealth Management Inc boosted its stake in shares of Fidelity Total Bond ETF by 4.9% in the fourth quarter. Legacy Wealth Management Inc now owns 3,080,887 shares of the company’s stock valued at $138,239,000 after buying an additional 143,631 shares during the period.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.19 on Wednesday. The firm has a market cap of $9.02 billion, a PE ratio of 8.85 and a beta of 0.19. The stock’s fifty day moving average price is $45.25 and its two-hundred day moving average price is $45.85. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

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.