Silverlake Wealth Management LLC Makes New $5.36 Million Investment in Fidelity Total Bond ETF $FBND

Silverlake Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 117,244 shares of the company’s stock, valued at approximately $5,364,000. Fidelity Total Bond ETF accounts for about 1.6% of Silverlake Wealth Management LLC’s portfolio, making the stock its 6th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nations Financial Group Inc. IA ADV lifted its position in shares of Fidelity Total Bond ETF by 5.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 24,302 shares of the company’s stock valued at $1,109,000 after buying an additional 1,148 shares during the last quarter. Schneider Downs Wealth Management Advisors LP raised its stake in Fidelity Total Bond ETF by 14.7% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 197,126 shares of the company’s stock valued at $8,999,000 after acquiring an additional 25,233 shares during the period. Raymond James Financial Inc. lifted its holdings in Fidelity Total Bond ETF by 5.9% during the first quarter. Raymond James Financial Inc. now owns 4,636,975 shares of the company’s stock valued at $211,678,000 after purchasing an additional 258,955 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 5.2% in the first quarter. Aptus Capital Advisors LLC now owns 1,097,269 shares of the company’s stock worth $50,090,000 after purchasing an additional 53,951 shares in the last quarter. Finally, RWA Wealth Partners LLC raised its position in shares of Fidelity Total Bond ETF by 5.4% in the first quarter. RWA Wealth Partners LLC now owns 54,333 shares of the company’s stock valued at $2,480,000 after purchasing an additional 2,796 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $46.15 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The stock’s fifty day moving average price is $46.44 and its two-hundred day moving average price is $46.01. The company has a market cap of $22.05 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.