Fidelity Total Bond ETF $FBND Shares Acquired by Rooted Wealth Advisors Inc.

Rooted Wealth Advisors Inc. raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.3% in the 4th quarter, Holdings Channel reports. The firm owned 255,153 shares of the company’s stock after purchasing an additional 29,895 shares during the quarter. Fidelity Total Bond ETF accounts for 3.3% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Rooted Wealth Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $11,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 3,390,440 shares during the last quarter. Bank of America Corp DE raised its position in shares of Fidelity Total Bond ETF by 5.6% during the third quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after acquiring an additional 683,930 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in shares of Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock worth $468,742,000 after acquiring an additional 311,221 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fidelity Total Bond ETF by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock worth $425,381,000 after acquiring an additional 445,810 shares during the period. Finally, Country Trust Bank lifted its stake in shares of Fidelity Total Bond ETF by 1.9% in the fourth quarter. Country Trust Bank now owns 6,392,262 shares of the company’s stock worth $294,300,000 after acquiring an additional 120,048 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.40 on Monday. The stock has a market capitalization of $25.44 billion, a PE ratio of 8.94 and a beta of 0.28. The business’s 50 day simple moving average is $45.69 and its 200 day simple moving average is $46.07. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.