SilverOak Wealth Management LLC Has $7.81 Million Stock Position in Fidelity Total Bond ETF $FBND

SilverOak Wealth Management LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.6% during the first quarter, HoldingsChannel reports. The firm owned 171,163 shares of the company’s stock after acquiring an additional 14,983 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.2% of SilverOak Wealth Management LLC’s holdings, making the stock its 15th biggest position. SilverOak Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $7,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FBND. Navalign LLC boosted its holdings in shares of Fidelity Total Bond ETF by 4.0% in the first quarter. Navalign LLC now owns 1,030,049 shares of the company’s stock worth $46,991,000 after buying an additional 39,507 shares during the period. Armor Investment Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 224.1% during the first quarter. Armor Investment Advisors LLC now owns 83,445 shares of the company’s stock valued at $3,807,000 after acquiring an additional 57,696 shares during the period. Clearwave Capital LLC lifted its position in shares of Fidelity Total Bond ETF by 10.8% in the 1st quarter. Clearwave Capital LLC now owns 127,605 shares of the company’s stock valued at $5,821,000 after acquiring an additional 12,461 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $208,000. Finally, Strata Wealth Advisors LLC boosted its stake in Fidelity Total Bond ETF by 27.5% in the 1st quarter. Strata Wealth Advisors LLC now owns 129,850 shares of the company’s stock worth $5,924,000 after purchasing an additional 27,974 shares during the period.

Fidelity Total Bond ETF Stock Performance

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

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.