SilverOak Wealth Management LLC Increases Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

SilverOak Wealth Management LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 16.3% in the third quarter, according to 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 period. Fidelity Total Bond ETF accounts for approximately 0.7% of SilverOak Wealth Management LLC’s 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FBND. Beta Wealth Group Inc. raised its position in Fidelity Total Bond ETF by 9.6% during the 3rd quarter. Beta Wealth Group Inc. now owns 472,090 shares of the company’s stock worth $22,065,000 after buying an additional 41,478 shares during the last quarter. Crumly & Associates Inc. raised its holdings in Fidelity Total Bond ETF by 63.3% during the third quarter. Crumly & Associates Inc. now owns 108,122 shares of the company’s stock worth $5,054,000 after purchasing an additional 41,898 shares in the last quarter. Galvin Gaustad & Stein LLC boosted its holdings in Fidelity Total Bond ETF by 13.9% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 48,093 shares of the company’s stock valued at $2,248,000 after purchasing an additional 5,887 shares in the last quarter. ABLE Financial Group LLC raised its stake in shares of Fidelity Total Bond ETF by 206.2% during the 3rd quarter. ABLE Financial Group LLC now owns 206,136 shares of the company’s stock worth $9,635,000 after buying an additional 138,821 shares in the last quarter. Finally, TFB Advisors LLC lifted its holdings in shares of Fidelity Total Bond ETF by 394.4% in the 3rd quarter. TFB Advisors LLC now owns 26,940 shares of the company’s stock valued at $1,259,000 after buying an additional 21,491 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of Fidelity Total Bond ETF stock traded up $0.08 during trading on Friday, reaching $45.69. The company’s 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 12-month low of $43.34 and a 12-month high of $47.30. The business has a 50 day moving average price of $46.34 and a 200-day moving average price of $45.70. The company has a market capitalization of $9.12 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.