Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Paragon Advisors LLC

Paragon Advisors LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,382 shares of the company’s stock after buying an additional 3,399 shares during the quarter. Fidelity Total Bond ETF accounts for 1.4% of Paragon Advisors LLC’s portfolio, making the stock its 18th biggest holding. Paragon Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $4,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Country Trust Bank grew its position in shares of Fidelity Total Bond ETF by 12.7% in the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock valued at $267,816,000 after purchasing an additional 672,872 shares during the period. RFG Advisory LLC increased its stake in shares of Fidelity Total Bond ETF by 9.6% in the third quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock worth $188,958,000 after buying an additional 353,138 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Total Bond ETF by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after purchasing an additional 825,448 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Fidelity Total Bond ETF by 4,145.0% in the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock valued at $165,692,000 after acquiring an additional 3,461,472 shares during the last quarter. Finally, Legacy Wealth Management Inc lifted its position in shares of Fidelity Total Bond ETF by 2.2% in the 3rd quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock worth $137,287,000 after buying an additional 62,805 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.34 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $43.95 and a fifty-two week high of $47.30. The company has a market cap of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19. The company’s 50-day moving average price is $46.22 and its 200 day moving average price is $45.74.

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.