Silver Oak Securities Incorporated Grows Holdings in Fidelity Total Bond ETF $FBND

Silver Oak Securities Incorporated increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404,100 shares of the company’s stock after buying an additional 26,046 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 1.3% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 10th largest position. Silver Oak Securities Incorporated owned approximately 0.07% of Fidelity Total Bond ETF worth $18,435,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FBND. Morgan Stanley boosted its position in Fidelity Total Bond ETF by 16.2% during the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock worth $1,598,339,000 after buying an additional 4,830,198 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Total Bond ETF by 3.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock valued at $4,139,273,000 after acquiring an additional 3,390,440 shares during the period. Align Financial LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $141,726,000. JPMorgan Chase & Co. increased its position in Fidelity Total Bond ETF by 25.8% in the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, Dynasty Wealth Management LLC raised its stake in shares of Fidelity Total Bond ETF by 30.0% during the fourth quarter. Dynasty Wealth Management LLC now owns 8,650,398 shares of the company’s stock valued at $398,264,000 after acquiring an additional 1,993,799 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.76 on Thursday. The firm has a market cap of $25.64 billion, a PE ratio of 8.94 and a beta of 0.27. The firm’s fifty day moving average is $45.59 and its 200-day moving average is $45.93. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86.

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.