Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Reduced by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC reduced its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 48.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 610,684 shares of the company’s stock after selling 574,098 shares during the quarter. Fidelity Total Bond ETF comprises approximately 1.2% of Pallas Capital Advisors LLC’s holdings, making the stock its 11th largest position. Pallas Capital Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $27,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FBND. FMR LLC lifted its stake in Fidelity Total Bond ETF by 2.2% in the 3rd quarter. FMR LLC now owns 12,604,148 shares of the company’s stock worth $589,118,000 after acquiring an additional 267,811 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares during the last quarter. RFG Advisory LLC increased its stake in Fidelity Total Bond ETF by 9.6% during the 3rd quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock worth $188,958,000 after acquiring an additional 353,138 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Total Bond ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock valued at $171,818,000 after acquiring an additional 825,448 shares in the last quarter. Finally, Mather Group LLC. lifted its stake 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 purchasing an additional 3,461,472 shares during the period.

Fidelity Total Bond ETF Trading Down 0.1 %

Shares of FBND stock traded down $0.06 during trading on Monday, hitting $44.41. The company’s stock had a trading volume of 2,758,508 shares, compared to its average volume of 2,107,880. The company has a market cap of $8.86 billion, a PE ratio of 8.85 and a beta of 0.19. The business has a fifty day moving average of $45.38 and a 200-day moving average of $45.87. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30.

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.