Fidelity Total Bond ETF $FBND Stock Bought by Parallel Advisors LLC

Parallel Advisors LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 167,984 shares of the company’s stock after acquiring an additional 18,281 shares during the period. Parallel Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $7,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FBND. Steph & Co. grew its stake in shares of Fidelity Total Bond ETF by 27.3% during the 3rd quarter. Steph & Co. now owns 316,767 shares of the company’s stock worth $13,716,000 after acquiring an additional 67,854 shares in the last quarter. Barry Investment Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 36.7% in the second quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock worth $7,997,000 after purchasing an additional 47,024 shares in the last quarter. Corient Private Wealth LP lifted its position in shares of Fidelity Total Bond ETF by 5.4% in the second quarter. Corient Private Wealth LP now owns 1,808,251 shares of the company’s stock worth $82,259,000 after purchasing an additional 92,976 shares in the last quarter. Schuylkill Financial LLC bought a new stake in shares of Fidelity Total Bond ETF in the second quarter worth $9,806,000. Finally, Gainline Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $17,448,000.

Fidelity Total Bond ETF Trading Down 0.1%

Shares of FBND opened at $44.33 on Friday. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 month high of $46.78. The firm has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $45.23. The stock has a market capitalization of $28.58 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.