Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Boosted by SilverOak Wealth Management LLC

SilverOak Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,359 shares of the company’s stock after buying an additional 9,556 shares during the quarter. Fidelity Total Bond ETF accounts for about 0.7% of SilverOak Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. SilverOak Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $3,195,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FBND. Northwest Investment Counselors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $30,000. Transcendent Capital Group LLC acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $32,000. Highline Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Strategic Financial Concepts LLC acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $49,000. Finally, Bell Investment Advisors Inc bought a new stake in Fidelity Total Bond ETF during the second quarter worth approximately $55,000.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of NYSEARCA:FBND traded up $0.08 during trading on Friday, reaching $45.69. The stock had a trading volume of 2,148,405 shares, compared to its average volume of 1,663,174. Fidelity Total Bond ETF has a 52 week low of $43.34 and a 52 week high of $47.30. The stock has a fifty day simple moving average of $46.34 and a two-hundred day simple moving average of $45.70. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.