Parallel Advisors LLC Sells 14,228 Shares of Fidelity Total Bond ETF $FBND

Parallel Advisors LLC decreased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 144,784 shares of the company’s stock after selling 14,228 shares during the quarter. Parallel Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $6,666,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FBND. Cerity Partners LLC grew its holdings in Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC grew its holdings in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $49,000. Graney & King LLC grew its holdings in Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Fidelity Total Bond ETF by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.4%

Shares of NYSEARCA:FBND opened at $45.29 on Friday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The company’s 50-day moving average price is $45.63 and its two-hundred day moving average price is $46.01. The firm has a market cap of $25.38 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.