Paragon Advisors LLC Buys 3,399 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Paragon Advisors LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 89,382 shares of the company’s stock after buying an additional 3,399 shares during the quarter. Fidelity Total Bond ETF makes up approximately 1.4% of Paragon Advisors LLC’s investment 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 large investors have also recently added to or reduced their stakes in the company. Country Trust Bank increased its position in shares of Fidelity Total Bond ETF by 12.7% during 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 holdings in Fidelity Total Bond ETF by 9.6% in the 3rd quarter. RFG Advisory LLC now owns 4,042,746 shares of the company’s stock valued at $188,958,000 after buying an additional 353,138 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Total Bond ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock valued at $171,818,000 after buying an additional 825,448 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Fidelity Total Bond ETF by 4,145.0% during the 3rd quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after acquiring an additional 3,461,472 shares during the period. Finally, Legacy Wealth Management Inc boosted its position in shares of Fidelity Total Bond ETF by 2.2% during the 3rd quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock valued at $137,287,000 after acquiring an additional 62,805 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $45.34 on Friday. The firm has a market capitalization of $9.05 billion, a PE ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 12-month low of $43.95 and a 12-month high of $47.30. The firm has a 50-day moving average price of $46.22 and a 200 day moving average price of $45.74.

Fidelity Total Bond ETF 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.