WestHill Financial Advisors Inc. Acquires 100,518 Shares of Fidelity Total Bond ETF $FBND

WestHill Financial Advisors Inc. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,015,500 shares of the company’s stock after purchasing an additional 100,518 shares during the quarter. Fidelity Total Bond ETF comprises approximately 7.4% of WestHill Financial Advisors Inc.’s portfolio, making the stock its 5th biggest holding. WestHill Financial Advisors Inc. owned 0.16% of Fidelity Total Bond ETF worth $43,971,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FBND. Bank of America Corp DE raised its position in shares of Fidelity Total Bond ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after purchasing an additional 871,672 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Fidelity Total Bond ETF by 7.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares during the period. Cetera Investment Advisers boosted its holdings in Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares during the period. Quotient Wealth Partners LLC grew its stake in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after buying an additional 1,609,056 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after buying an additional 2,236,473 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND stock traded down $0.04 during midday trading on Wednesday, reaching $43.48. 1,751,348 shares of the company’s stock traded hands, compared to its average volume of 3,150,684. The firm has a market capitalization of $28.03 billion, a PE ratio of 8.94 and a beta of 0.28. The company has a 50-day moving average price of $44.35 and a two-hundred day moving average price of $45.08. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86.

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.