Silver Oak Securities Incorporated Raises Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Silver Oak Securities Incorporated increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 67.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,638 shares of the company’s stock after purchasing an additional 52,239 shares during the quarter. Silver Oak Securities Incorporated owned approximately 0.06% of Fidelity Total Bond ETF worth $6,074,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the third quarter worth approximately $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth approximately $32,000. Centerpoint Advisors LLC acquired a new position in Fidelity Total Bond ETF during the first quarter worth $37,000. Strategic Financial Concepts LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $49,000. Finally, Bell Investment Advisors Inc acquired a new position in Fidelity Total Bond ETF during the second quarter worth $55,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $45.79 on Friday. The stock’s fifty day moving average is $46.56 and its two-hundred day moving average is $45.61. The firm has a market capitalization of $9.14 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a fifty-two week low of $42.56 and a fifty-two week 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.