SilverOak Wealth Management LLC Has $4.13 Million Stock Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

SilverOak Wealth Management LLC lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 34.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 92,023 shares of the company’s stock after buying an additional 23,664 shares during the period. Fidelity Total Bond ETF makes up about 0.9% of SilverOak Wealth Management LLC’s portfolio, making the stock its 17th largest position. SilverOak Wealth Management LLC’s holdings in Fidelity Total Bond ETF were worth $4,129,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after buying an additional 992,739 shares during the period. Aptus Capital Advisors LLC bought a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at $40,718,000. Valeo Financial Advisors LLC boosted its stake in Fidelity Total Bond ETF by 322.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 942,475 shares of the company’s stock worth $42,289,000 after purchasing an additional 719,592 shares during the period. Sax Wealth Advisors LLC increased its holdings in Fidelity Total Bond ETF by 94.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock worth $62,577,000 after purchasing an additional 675,795 shares in the last quarter. Finally, OLIO Financial Planning increased its holdings in Fidelity Total Bond ETF by 584.5% during the 4th quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock worth $34,365,000 after purchasing an additional 653,991 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.14 on Wednesday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock’s 50-day moving average is $45.08 and its 200-day moving average is $45.80. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30.

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.