Silver Oak Securities Incorporated Has $13.92 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Silver Oak Securities Incorporated raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 138.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,715 shares of the company’s stock after buying an additional 180,077 shares during the period. Fidelity Total Bond ETF comprises about 1.3% of Silver Oak Securities Incorporated’s holdings, making the stock its 10th largest position. Silver Oak Securities Incorporated owned approximately 0.16% of Fidelity Total Bond ETF worth $13,919,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FBND. Wealthcare Capital Management LLC raised its stake in shares of Fidelity Total Bond ETF by 3.0% during the 4th quarter. Wealthcare Capital Management LLC now owns 7,935 shares of the company’s stock worth $356,000 after purchasing an additional 231 shares during the period. Dupree Financial Group LLC grew its position in Fidelity Total Bond ETF by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 15,086 shares of the company’s stock valued at $677,000 after buying an additional 238 shares during the period. Peterson Wealth Advisors LLC increased its holdings in Fidelity Total Bond ETF by 0.8% during the third quarter. Peterson Wealth Advisors LLC now owns 31,396 shares of the company’s stock worth $1,467,000 after buying an additional 246 shares during the last quarter. Regatta Capital Group LLC raised its holdings in shares of Fidelity Total Bond ETF by 2.3% in the 3rd quarter. Regatta Capital Group LLC now owns 13,713 shares of the company’s stock worth $641,000 after purchasing an additional 304 shares during the period. Finally, Tritonpoint Wealth LLC lifted its stake in Fidelity Total Bond ETF by 1.7% in the fourth quarter. Tritonpoint Wealth LLC now owns 18,718 shares of the company’s stock valued at $844,000 after purchasing an additional 311 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.5 %

Shares of NYSEARCA FBND opened at $45.39 on Thursday. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a fifty day simple moving average of $45.20 and a two-hundred day simple moving average of $45.83. Fidelity Total Bond ETF has a 1-year low of $44.01 and a 1-year high of $47.30.

Fidelity Total Bond ETF Company 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.