Silver Oak Securities Incorporated Purchases 114,426 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Silver Oak Securities Incorporated increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2,753.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,582 shares of the company’s stock after purchasing an additional 114,426 shares during the quarter. Silver Oak Securities Incorporated owned approximately 0.12% of Fidelity Total Bond ETF worth $5,460,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cedar Point Capital Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $1,367,000. Valmark Advisers Inc. boosted its stake in Fidelity Total Bond ETF by 32.0% in the 4th quarter. Valmark Advisers Inc. now owns 192,038 shares of the company’s stock valued at $8,841,000 after buying an additional 46,501 shares in the last quarter. Truist Financial Corp grew its position in Fidelity Total Bond ETF by 8.9% in the fourth quarter. Truist Financial Corp now owns 153,230 shares of the company’s stock valued at $7,055,000 after acquiring an additional 12,547 shares during the period. Spinnaker Trust raised its stake in Fidelity Total Bond ETF by 4.4% during the fourth quarter. Spinnaker Trust now owns 93,579 shares of the company’s stock worth $4,308,000 after acquiring an additional 3,944 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 10.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 399,296 shares of the company’s stock valued at $18,431,000 after acquiring an additional 38,833 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND traded up $0.14 during trading hours on Friday, hitting $44.09. The stock had a trading volume of 827,280 shares, compared to its average volume of 1,307,102. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 8.76 and a beta of 0.15. The company’s fifty day moving average is $44.95 and its two-hundred day moving average is $44.82. Fidelity Total Bond ETF has a 52 week low of $42.45 and a 52 week high of $46.34.

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.