25,690 Fidelity Total Bond ETF $FBND Shares Bought by Sherrill & Hutchins Financial Advisory Inc

Sherrill & Hutchins Financial Advisory Inc raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 969,603 shares of the company’s stock after acquiring an additional 25,690 shares during the period. Fidelity Total Bond ETF comprises about 20.4% of Sherrill & Hutchins Financial Advisory Inc’s investment portfolio, making the stock its 2nd biggest position. Sherrill & Hutchins Financial Advisory Inc’s holdings in Fidelity Total Bond ETF were worth $41,989,000 at the end of the most recent reporting period.

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

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND traded up $0.02 during trading hours on Wednesday, reaching $43.54. The company had a trading volume of 4,366,311 shares, compared to its average volume of 3,165,075. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.86. The business’s 50 day moving average price is $44.35 and its 200-day moving average price is $45.08. The firm has a market cap of $28.07 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Company 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.