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

Pearl Planning LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 351,175 shares of the company’s stock, valued at approximately $16,021,000. Fidelity Total Bond ETF makes up about 8.6% of Pearl Planning LLC’s investment portfolio, making the stock its 4th largest position. Pearl Planning LLC owned 0.06% of Fidelity Total Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FBND. Morgan Stanley lifted its position in shares of Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Total Bond ETF by 3.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after acquiring an additional 3,390,440 shares in the last quarter. Align Financial LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $141,726,000. JPMorgan Chase & Co. increased its position in shares of Fidelity Total Bond ETF by 25.8% during the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the last quarter. Finally, Dynasty Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after acquiring an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $45.28 on Friday. The business’s fifty day simple moving average is $45.48 and its 200 day simple moving average is $45.87. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The firm has a market capitalization of $26.53 billion, a P/E 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.