Rooted Wealth Advisors Inc. Has $11.72 Million Holdings in Fidelity Total Bond ETF $FBND

Rooted Wealth Advisors Inc. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,153 shares of the company’s stock after purchasing an additional 29,895 shares during the period. Fidelity Total Bond ETF comprises about 3.3% of Rooted Wealth Advisors Inc.’s holdings, making the stock its 8th largest holding. Rooted Wealth Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $11,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $32,000. Clearstead Advisors LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $36,000. Tucker Asset Management LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at approximately $37,000. First Command Advisory Services Inc. bought a new position in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Finally, Fifth Third Bancorp lifted its stake in Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after purchasing an additional 468 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.40 on Monday. The company has a market cap of $25.44 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50 day simple moving average of $45.69 and a 200 day simple moving average of $46.07. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86.

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.