Fidelity Total Bond ETF $FBND Stock: Paragon Advisors LLC Boosts Stake

Paragon Advisors LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 23.9% during the 3rd quarter, Holdings Channel reports. The firm owned 86,953 shares of the company’s stock after buying an additional 16,784 shares during the period. Paragon Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $3,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M Holdings Securities Inc. acquired a new position in Fidelity Total Bond ETF during the third quarter worth $5,613,000. Brighton Jones LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $226,000. Beam Wealth Advisors Inc. boosted its stake in shares of Fidelity Total Bond ETF by 3.6% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 13,237 shares of the company’s stock worth $575,000 after acquiring an additional 463 shares during the period. Henderson Brothers Financial Partners LLC boosted its stake in shares of Fidelity Total Bond ETF by 8.7% during the 3rd quarter. Henderson Brothers Financial Partners LLC now owns 850,483 shares of the company’s stock worth $36,826,000 after acquiring an additional 68,056 shares during the period. Finally, StoneX Group Inc. boosted its stake in shares of Fidelity Total Bond ETF by 0.9% during the 3rd quarter. StoneX Group Inc. now owns 46,722 shares of the company’s stock worth $2,032,000 after acquiring an additional 433 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $44.33 on Monday. The firm has a market capitalization of $28.58 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.78. The business’s 50 day simple moving average is $44.01 and its 200 day simple moving average is $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.