Sherrill & Hutchins Financial Advisory Inc Purchases 16,820 Shares of Fidelity Total Bond ETF $FBND

Sherrill & Hutchins Financial Advisory Inc boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 896,594 shares of the company’s stock after acquiring an additional 16,820 shares during the quarter. Fidelity Total Bond ETF comprises about 29.3% of Sherrill & Hutchins Financial Advisory Inc’s investment portfolio, making the stock its 2nd biggest holding. Sherrill & Hutchins Financial Advisory Inc’s holdings in Fidelity Total Bond ETF were worth $41,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $4,139,273,000 after purchasing an additional 3,390,440 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Fidelity Total Bond ETF by 5.6% in the 3rd quarter. Bank of America Corp DE now owns 12,954,872 shares of the company’s stock worth $599,033,000 after purchasing an additional 683,930 shares in the last quarter. Sagespring Wealth Partners LLC lifted its stake in Fidelity Total Bond ETF by 3.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 10,181,189 shares of the company’s stock valued at $468,742,000 after purchasing an additional 311,221 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 5.1% during the third quarter. JPMorgan Chase & Co. now owns 9,199,410 shares of the company’s stock valued at $425,381,000 after purchasing an additional 445,810 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 13.4% during the third quarter. Dynasty Wealth Management LLC now owns 6,656,599 shares of the company’s stock worth $307,801,000 after buying an additional 786,693 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.75 on Thursday. The firm has a market cap of $23.93 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The firm’s 50 day moving average price is $46.17 and its two-hundred day moving average price is $46.31.

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 paid a dividend of $0.161 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.2%. 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.