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

Sherrill & Hutchins Financial Advisory Inc increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 969,603 shares of the company’s stock after acquiring an additional 25,690 shares during the period. Fidelity Total Bond ETF makes up about 20.4% of Sherrill & Hutchins Financial Advisory Inc’s portfolio, making the stock its 2nd biggest holding. Sherrill & Hutchins Financial Advisory Inc owned about 0.15% of Fidelity Total Bond ETF worth $41,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF during the first quarter worth about $25,000. Community Financial Services Group LLC purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Maryland Capital Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the 2nd quarter worth approximately $37,000. Manning & Napier Advisors LLC acquired a new position in Fidelity Total Bond ETF in the 1st quarter worth approximately $53,000. Finally, Sound Income Strategies LLC increased its holdings in Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND traded up $0.02 during trading on Wednesday, reaching $43.54. 4,366,311 shares of the company’s stock were exchanged, 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 stock has a market capitalization of $28.07 billion, a P/E ratio of 8.94 and a beta of 0.28. The company’s fifty day simple moving average is $44.35 and its 200-day simple moving average is $45.08.

About Fidelity Total Bond ETF

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.