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

Parallel Advisors LLC increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,984 shares of the company’s stock after purchasing an additional 18,281 shares during the quarter. Parallel Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $7,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signature Equity Partners LLC lifted its holdings in Fidelity Total Bond ETF by 5.4% during the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock worth $216,000 after buying an additional 244 shares in the last quarter. LCW Services LLC increased its stake in shares of Fidelity Total Bond ETF by 3.1% in the 3rd quarter. LCW Services LLC now owns 8,913 shares of the company’s stock valued at $386,000 after buying an additional 272 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,380 shares of the company’s stock valued at $233,000 after buying an additional 283 shares during the period. Insight Advisors LLC PA increased its stake in shares of Fidelity Total Bond ETF by 1.6% in the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after buying an additional 291 shares during the period. Finally, Archer Investment Corp increased its stake in shares of Fidelity Total Bond ETF by 17.2% in the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after buying an additional 325 shares during the period.

Fidelity Total Bond ETF Stock Down 0.1%

FBND stock opened at $44.33 on Friday. The company has a market cap of $28.58 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.78. The business has a fifty day moving average of $44.01 and a 200-day moving average of $45.23.

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.