Fidelity Total Bond ETF $FBND Stock Position Raised by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,234 shares of the company’s stock after acquiring an additional 15,724 shares during the quarter. Fidelity Total Bond ETF comprises approximately 2.0% of Silver Oak Securities Incorporated’s portfolio, making the stock its 4th biggest holding. Silver Oak Securities Incorporated owned approximately 0.12% of Fidelity Total Bond ETF worth $26,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Total Bond ETF by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in Fidelity Total Bond ETF by 4,220.9% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock worth $92,309,000 after purchasing an additional 1,970,997 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Fidelity Total Bond ETF by 64.3% during the 2nd quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after buying an additional 1,412,766 shares during the period. Jane Street Group LLC raised its stake in shares of Fidelity Total Bond ETF by 8,037.4% during the first quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock valued at $57,541,000 after purchasing an additional 1,244,998 shares during the period. Finally, Sax Wealth Advisors LLC increased its stake in Fidelity Total Bond ETF by 41.4% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after buying an additional 774,471 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.04 on Friday. The business’s 50-day simple moving average is $46.36 and its 200 day simple moving average is $46.11. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The stock has a market cap of $22.00 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.