Rooted Wealth Advisors Inc. Has $7.87 Million Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Rooted Wealth Advisors Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,048 shares of the company’s stock after acquiring an additional 18,137 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 3.1% of Rooted Wealth Advisors Inc.’s portfolio, making the stock its 11th largest position. Rooted Wealth Advisors Inc. owned approximately 0.09% of Fidelity Total Bond ETF worth $7,868,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $40,718,000. Sax Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 94.0% in the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock valued at $62,577,000 after buying an additional 675,795 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Fidelity Total Bond ETF by 39.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,379,142 shares of the company’s stock worth $111,201,000 after buying an additional 669,838 shares during the period. Finally, OLIO Financial Planning boosted its holdings in Fidelity Total Bond ETF by 584.5% in the fourth quarter. OLIO Financial Planning now owns 765,888 shares of the company’s stock worth $34,365,000 after acquiring an additional 653,991 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.16 on Friday. The stock has a market capitalization of $9.01 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a 50 day moving average price of $45.12 and a two-hundred day moving average price of $45.81.

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.