Parallel Advisors LLC Purchases 131,011 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Parallel Advisors LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2,021.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,492 shares of the company’s stock after acquiring an additional 131,011 shares during the period. Parallel Advisors LLC owned 0.07% of Fidelity Total Bond ETF worth $6,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $37,000. Pineridge Advisors LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter worth approximately $46,000. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $49,000. Finally, Bell Investment Advisors Inc acquired a new position in Fidelity Total Bond ETF in the second quarter valued at about $55,000.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $47.08 on Friday. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.13. The company has a market capitalization of $9.39 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a 50-day moving average of $46.15 and a two-hundred day moving average of $45.36.

About Fidelity Total Bond ETF

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.