Sherrill & Hutchins Financial Advisory Inc lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 823,928 shares of the company’s stock after acquiring an additional 31,301 shares during the period. Fidelity Total Bond ETF accounts for about 32.7% of Sherrill & Hutchins Financial Advisory Inc’s investment portfolio, making the stock its 2nd largest position. Sherrill & Hutchins Financial Advisory Inc’s holdings in Fidelity Total Bond ETF were worth $36,970,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $30,000. Highline Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Fidelity Total Bond ETF during the third quarter worth approximately $87,000.
Fidelity Total Bond ETF Trading Down 0.1 %
Shares of Fidelity Total Bond ETF stock opened at $44.41 on Tuesday. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30. The company’s fifty day simple moving average is $45.36 and its 200-day simple moving average is $45.86. The company has a market cap 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.
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