RDA Financial Network Buys 12,125 Shares of Fidelity Total Bond ETF $FBND

RDA Financial Network grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,789 shares of the company’s stock after buying an additional 12,125 shares during the period. Fidelity Total Bond ETF accounts for 1.3% of RDA Financial Network’s portfolio, making the stock its 14th biggest holding. RDA Financial Network’s holdings in Fidelity Total Bond ETF were worth $5,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the first quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $37,000. Key Capital Management INC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $49,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $49,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $44.83 on Tuesday. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The company’s fifty day moving average price is $45.35 and its 200-day moving average price is $45.74. The company has a market capitalization of $27.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF 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.