WestHill Financial Advisors Inc. Buys 58,208 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

WestHill Financial Advisors Inc. grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 741,126 shares of the company’s stock after purchasing an additional 58,208 shares during the quarter. Fidelity Total Bond ETF comprises about 7.7% of WestHill Financial Advisors Inc.’s portfolio, making the stock its 5th biggest holding. WestHill Financial Advisors Inc. owned about 0.18% of Fidelity Total Bond ETF worth $33,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $25,000. NBC Securities Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 1st quarter worth approximately $28,000. Lindbrook Capital LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the 4th quarter worth approximately $36,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

FBND stock opened at $45.39 on Thursday. The firm has a market capitalization of $18.72 billion, a PE ratio of 8.94 and a beta of 0.26. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $47.30. The business’s 50 day simple moving average is $45.16 and its 200 day simple moving average is $45.27.

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.