Fidelity Total Bond ETF $FBND Shares Purchased by Rooted Wealth Advisors Inc.

Rooted Wealth Advisors Inc. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 225,258 shares of the company’s stock after purchasing an additional 12,458 shares during the period. Fidelity Total Bond ETF makes up 3.2% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 9th largest holding. Rooted Wealth Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $10,436,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Family Capital Management Inc. lifted its stake in Fidelity Total Bond ETF by 3.1% in the 2nd quarter. Family Capital Management Inc. now owns 73,066 shares of the company’s stock valued at $3,343,000 after buying an additional 2,163 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in Fidelity Total Bond ETF by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after buying an additional 42,304 shares in the last quarter. Weatherly Asset Management L. P. raised its holdings in shares of Fidelity Total Bond ETF by 8.6% in the third quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock worth $38,980,000 after acquiring an additional 66,885 shares during the last quarter. Beta Wealth Group Inc. increased its position in Fidelity Total Bond ETF by 3.6% during the 2nd quarter. Beta Wealth Group Inc. now owns 62,337 shares of the company’s stock worth $2,852,000 after purchasing an additional 2,195 shares in the last quarter. Finally, Tritonpoint Wealth LLC raised its stake in Fidelity Total Bond ETF by 2.2% in the 2nd quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock valued at $2,614,000 after purchasing an additional 1,239 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of FBND opened at $46.45 on Tuesday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The stock’s fifty day simple moving average is $46.40 and its 200 day simple moving average is $46.10. The firm has a market capitalization of $22.19 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.