RDA Financial Network Boosts Holdings in Fidelity Total Bond ETF $FBND

RDA Financial Network raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 104,838 shares of the company’s stock after buying an additional 13,428 shares during the quarter. Fidelity Total Bond ETF comprises about 1.2% of RDA Financial Network’s holdings, making the stock its 14th largest position. RDA Financial Network’s holdings in Fidelity Total Bond ETF were worth $4,848,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Insight Wealth Strategies LLC boosted its holdings in shares of Fidelity Total Bond ETF by 1.6% in the third quarter. Insight Wealth Strategies LLC now owns 17,535 shares of the company’s stock valued at $811,000 after acquiring an additional 281 shares in the last quarter. AssuredPartners Investment Advisors LLC lifted its position in Fidelity Total Bond ETF by 1.8% in the third quarter. AssuredPartners Investment Advisors LLC now owns 17,722 shares of the company’s stock valued at $819,000 after purchasing an additional 311 shares during the period. Legacy Solutions LLC lifted its position in Fidelity Total Bond ETF by 0.8% in the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after purchasing an additional 382 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its holdings in Fidelity Total Bond ETF by 3.5% in the 2nd quarter. Benchmark Financial Wealth Advisors LLC now owns 12,939 shares of the company’s stock valued at $592,000 after purchasing an additional 442 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its position in Fidelity Total Bond ETF by 0.7% during the 2nd quarter. Cozad Asset Management Inc. now owns 67,218 shares of the company’s stock worth $3,075,000 after purchasing an additional 455 shares during the period.

Fidelity Total Bond ETF Trading Down 0.0%

Shares of FBND stock opened at $46.27 on Thursday. The stock has a 50 day simple moving average of $46.43 and a 200-day simple moving average of $46.03. The company has a market cap of $22.11 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86.

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.