Pallas Capital Advisors LLC Purchases 239,710 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Pallas Capital Advisors LLC raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 39.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 850,394 shares of the company’s stock after acquiring an additional 239,710 shares during the period. Fidelity Total Bond ETF comprises 1.6% of Pallas Capital Advisors LLC’s portfolio, making the stock its 7th biggest position. Pallas Capital Advisors LLC owned about 0.21% of Fidelity Total Bond ETF worth $38,821,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FBND. FMR LLC raised its holdings in shares of Fidelity Total Bond ETF by 2.1% in the fourth quarter. FMR LLC now owns 12,865,154 shares of the company’s stock valued at $577,259,000 after purchasing an additional 261,006 shares during the last quarter. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 8.4% in the fourth quarter. Bank of America Corp DE now owns 11,296,969 shares of the company’s stock valued at $506,895,000 after purchasing an additional 879,260 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $395,300,000. JPMorgan Chase & Co. lifted its position in Fidelity Total Bond ETF by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,194,319 shares of the company’s stock worth $322,809,000 after buying an additional 2,024,839 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in Fidelity Total Bond ETF by 10.7% during the 1st quarter. RFG Advisory LLC now owns 4,752,156 shares of the company’s stock worth $216,936,000 after buying an additional 458,646 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.5%

NYSEARCA:FBND opened at $45.01 on Monday. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $47.30. The stock’s 50 day moving average price is $45.18 and its two-hundred day moving average price is $45.29.

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.