Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC cut its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 48.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 610,684 shares of the company’s stock after selling 574,098 shares during the period. Fidelity Total Bond ETF makes up approximately 1.2% of Pallas Capital Advisors LLC’s holdings, making the stock its 11th largest holding. Pallas Capital Advisors LLC owned about 0.31% of Fidelity Total Bond ETF worth $27,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBND. Accelerate Investment Advisors LLC increased its holdings in Fidelity Total Bond ETF by 7.2% during the 4th quarter. Accelerate Investment Advisors LLC now owns 129,393 shares of the company’s stock worth $5,806,000 after purchasing an additional 8,738 shares during the last quarter. Cooper Financial Group increased its holdings in Fidelity Total Bond ETF by 5.5% during the 4th quarter. Cooper Financial Group now owns 129,780 shares of the company’s stock worth $5,823,000 after purchasing an additional 6,742 shares during the last quarter. Cadent Capital Advisors LLC increased its holdings in Fidelity Total Bond ETF by 13.4% during the 4th quarter. Cadent Capital Advisors LLC now owns 11,911 shares of the company’s stock worth $534,000 after purchasing an additional 1,411 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth approximately $214,000. Finally, Brookstone Capital Management increased its holdings in Fidelity Total Bond ETF by 9.8% during the 4th quarter. Brookstone Capital Management now owns 694,526 shares of the company’s stock worth $31,163,000 after purchasing an additional 61,756 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.1 %

FBND stock traded down $0.06 during midday trading on Monday, hitting $44.41. 2,758,508 shares of the company’s stock were exchanged, compared to its average volume of 2,107,880. Fidelity Total Bond ETF has a 12-month low of $44.01 and a 12-month high of $47.30. The firm has a 50 day moving average price of $45.38 and a 200-day moving average price of $45.87. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.