Sherrill & Hutchins Financial Advisory Inc Buys 31,301 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Sherrill & Hutchins Financial Advisory Inc lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 823,928 shares of the company’s stock after purchasing an additional 31,301 shares during the quarter. Fidelity Total Bond ETF accounts for about 32.7% of Sherrill & Hutchins Financial Advisory Inc’s investment portfolio, making the stock its 2nd largest holding. Sherrill & Hutchins Financial Advisory Inc owned 0.41% of Fidelity Total Bond ETF worth $36,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FBND. Mather Group LLC. boosted its position in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after buying an additional 3,461,472 shares during the period. Crane Advisory LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $50,363,000. Thrivent Financial for Lutherans grew its stake in Fidelity Total Bond ETF by 85.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its position in Fidelity Total Bond ETF by 256.5% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares during the last quarter. Finally, Fermata Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 771.5% during the 3rd quarter. Fermata Advisors LLC now owns 1,046,658 shares of the company’s stock worth $48,921,000 after purchasing an additional 926,557 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $44.41 on Tuesday. The business has a 50 day simple moving average of $45.36 and a 200 day simple moving average of $45.86. Fidelity Total Bond ETF has a 52 week low of $44.01 and a 52 week high of $47.30. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.