RDA Financial Network Purchases 1,337 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

RDA Financial Network raised its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.5% during the first quarter, HoldingsChannel reports. The firm owned 88,680 shares of the company’s stock after purchasing an additional 1,337 shares during the period. Fidelity Total Bond ETF makes up approximately 1.2% of RDA Financial Network’s holdings, making the stock its 14th biggest holding. RDA Financial Network’s holdings in Fidelity Total Bond ETF were worth $4,048,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. King Wealth Management Group raised its stake in shares of Fidelity Total Bond ETF by 1.0% during the fourth quarter. King Wealth Management Group now owns 23,930 shares of the company’s stock valued at $1,074,000 after acquiring an additional 240 shares during the last quarter. Waterfront Wealth Inc. raised its position in Fidelity Total Bond ETF by 0.9% during the 4th quarter. Waterfront Wealth Inc. now owns 27,898 shares of the company’s stock valued at $1,252,000 after purchasing an additional 242 shares during the last quarter. Integrity Financial Corp WA lifted its holdings in Fidelity Total Bond ETF by 1.8% in the 4th quarter. Integrity Financial Corp WA now owns 17,275 shares of the company’s stock worth $775,000 after buying an additional 299 shares during the period. Prosperity Consulting Group LLC grew its position in shares of Fidelity Total Bond ETF by 0.4% in the 4th quarter. Prosperity Consulting Group LLC now owns 78,378 shares of the company’s stock worth $3,517,000 after buying an additional 302 shares during the last quarter. Finally, AMG National Trust Bank increased its stake in shares of Fidelity Total Bond ETF by 3.2% during the fourth quarter. AMG National Trust Bank now owns 13,578 shares of the company’s stock valued at $609,000 after buying an additional 425 shares during the period.

Fidelity Total Bond ETF Trading Down 0.5%

Shares of Fidelity Total Bond ETF stock opened at $45.01 on Friday. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $47.30. The company has a market cap of $18.22 billion, a P/E ratio of 8.94 and a beta of 0.27. The company’s fifty day simple moving average is $45.18 and its two-hundred day simple moving average is $45.29.

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.