Parallel Advisors LLC Buys 12,255 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Parallel Advisors LLC boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 162,084 shares of the company’s stock after purchasing an additional 12,255 shares during the quarter. Parallel Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $7,273,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FBND. Arbor Capital Management Inc. ADV raised its stake in Fidelity Total Bond ETF by 36.3% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 13,569 shares of the company’s stock valued at $613,000 after buying an additional 3,614 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Fidelity Total Bond ETF by 2.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 774,785 shares of the company’s stock valued at $34,765,000 after buying an additional 18,622 shares during the last quarter. Harbour Investments Inc. raised its stake in Fidelity Total Bond ETF by 10.0% in the fourth quarter. Harbour Investments Inc. now owns 421,099 shares of the company’s stock valued at $18,895,000 after buying an additional 38,373 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Fidelity Total Bond ETF by 15.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 206,062 shares of the company’s stock valued at $9,246,000 after buying an additional 27,243 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in Fidelity Total Bond ETF in the fourth quarter valued at about $3,293,000.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.52 on Monday. The stock has a 50-day moving average of $45.22 and a two-hundred day moving average of $45.70. Fidelity Total Bond ETF has a one year low of $44.01 and a one year high of $47.30. The stock has a market cap of $17.91 billion, a PE ratio of 9.09 and a beta of 0.26.

Fidelity Total Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were paid a $0.163 dividend. The ex-dividend date of this dividend was Thursday, February 27th.

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.