Fidelity Total Bond ETF $FBND Shares Bought by SilverOak Wealth Management LLC

SilverOak Wealth Management LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,163 shares of the company’s stock after buying an additional 14,983 shares during the quarter. Fidelity Total Bond ETF comprises 1.2% of SilverOak Wealth Management LLC’s portfolio, making the stock its 15th largest holding. SilverOak Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,808,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new position in Fidelity Total Bond ETF during the first quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth about $37,000. Finally, Key Capital Management INC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at about $49,000.

Fidelity Total Bond ETF Trading Down 0.4%

NYSEARCA:FBND opened at $45.29 on Wednesday. The company has a 50-day moving average of $45.51 and a 200-day moving average of $45.89. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.82 and a twelve month high of $46.86.

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.