WestHill Financial Advisors Inc. Acquires 31,673 Shares of Fidelity Total Bond ETF $FBND

WestHill Financial Advisors Inc. lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 838,376 shares of the company’s stock after purchasing an additional 31,673 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 7.3% of WestHill Financial Advisors Inc.’s investment portfolio, making the stock its 5th biggest holding. WestHill Financial Advisors Inc. owned 0.16% of Fidelity Total Bond ETF worth $38,599,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity Total Bond ETF by 3.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 89,517,143 shares of the company’s stock worth $4,139,273,000 after buying an additional 3,390,440 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in shares of Fidelity Total Bond ETF by 4,220.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after acquiring an additional 1,970,997 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Fidelity Total Bond ETF by 37.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,989,730 shares of the company’s stock valued at $138,245,000 after acquiring an additional 816,419 shares in the last quarter. Dynasty Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 13.4% in the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock valued at $307,801,000 after acquiring an additional 786,693 shares during the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 54.3% in the third quarter. Modern Wealth Management LLC now owns 2,170,408 shares of the company’s stock valued at $100,360,000 after acquiring an additional 764,134 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.71 on Monday. The business’s 50-day simple moving average is $46.10 and its 200 day simple moving average is $46.26. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The firm has a market capitalization of $25.07 billion, a PE ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were issued a $0.161 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, February 26th. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.