Parcion Private Wealth LLC Buys 5,098 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Parcion Private Wealth LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,122 shares of the company’s stock after purchasing an additional 5,098 shares during the quarter. Parcion Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $6,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $30,000. Highline Wealth Partners LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the third quarter valued at approximately $54,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth approximately $87,000.

Fidelity Total Bond ETF Trading Up 0.1 %

Shares of NYSEARCA FBND opened at $45.20 on Thursday. Fidelity Total Bond ETF has a 12 month low of $44.01 and a 12 month high of $47.30. The stock has a 50 day moving average of $45.05 and a 200-day moving average of $45.79. The company has a market capitalization of $9.02 billion, a P/E ratio of 8.85 and a beta of 0.19.

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.