RDA Financial Network Invests $2.20 Million in Fidelity Total Bond ETF (NYSEARCA:FBND)

RDA Financial Network acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 48,488 shares of the company’s stock, valued at approximately $2,202,000. RDA Financial Network owned about 0.06% of Fidelity Total Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Country Trust Bank boosted its holdings in shares of Fidelity Total Bond ETF by 15.5% in the first quarter. Country Trust Bank now owns 4,778,355 shares of the company’s stock worth $219,804,000 after buying an additional 640,560 shares during the period. Bank of America Corp DE boosted its holdings in shares of Fidelity Total Bond ETF by 316.7% in the first quarter. Bank of America Corp DE now owns 3,081,245 shares of the company’s stock worth $141,737,000 after buying an additional 2,341,860 shares during the period. RFG Advisory LLC boosted its holdings in shares of Fidelity Total Bond ETF by 7.5% in the first quarter. RFG Advisory LLC now owns 2,328,460 shares of the company’s stock worth $107,109,000 after buying an additional 162,468 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Fidelity Total Bond ETF by 5.0% in the first quarter. Sequoia Financial Advisors LLC now owns 1,858,853 shares of the company’s stock worth $85,507,000 after buying an additional 89,136 shares during the period. Finally, Kowal Investment Group LLC boosted its holdings in shares of Fidelity Total Bond ETF by 39.2% in the first quarter. Kowal Investment Group LLC now owns 1,835,363 shares of the company’s stock worth $84,427,000 after buying an additional 516,445 shares during the period.

Fidelity Total Bond ETF Trading Down 0.2 %

Shares of FBND traded down $0.10 during midday trading on Tuesday, hitting $44.31. The stock had a trading volume of 614,689 shares, compared to its average volume of 691,480. Fidelity Total Bond ETF has a fifty-two week low of $43.25 and a fifty-two week high of $46.96. The business has a 50-day simple moving average of $44.84 and a two-hundred day simple moving average of $45.39. The firm has a market cap of $4.25 billion, a P/E ratio of 12.64 and a beta of 0.17.

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.