Fidelity Total Bond ETF (NYSEARCA:FBND) is WestHill Financial Advisors Inc.’s 5th Largest Position

WestHill Financial Advisors Inc. raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 682,918 shares of the company’s stock after purchasing an additional 20,403 shares during the period. Fidelity Total Bond ETF makes up 6.9% of WestHill Financial Advisors Inc.’s portfolio, making the stock its 5th biggest position. WestHill Financial Advisors Inc.’s holdings in Fidelity Total Bond ETF were worth $30,643,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. boosted its stake in shares of Fidelity Total Bond ETF by 28.6% during the fourth quarter. Valley Wealth Managers Inc. now owns 28,116 shares of the company’s stock valued at $1,262,000 after purchasing an additional 6,257 shares during the period. Kestra Investment Management LLC grew its stake in Fidelity Total Bond ETF by 2.6% in the 4th quarter. Kestra Investment Management LLC now owns 466,733 shares of the company’s stock worth $20,942,000 after acquiring an additional 11,913 shares in the last quarter. Beta Wealth Group Inc. grew its stake in Fidelity Total Bond ETF by 6.3% in the 4th quarter. Beta Wealth Group Inc. now owns 501,904 shares of the company’s stock worth $22,520,000 after acquiring an additional 29,814 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Fidelity Total Bond ETF by 17.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 337,452 shares of the company’s stock worth $15,221,000 after acquiring an additional 51,269 shares during the period. Finally, Truist Financial Corp raised its stake in shares of Fidelity Total Bond ETF by 1.7% during the fourth quarter. Truist Financial Corp now owns 197,860 shares of the company’s stock valued at $8,878,000 after acquiring an additional 3,213 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.4 %

Shares of NYSEARCA:FBND opened at $45.14 on Wednesday. The business’s 50 day moving average is $45.08 and its 200 day moving average is $45.80. The stock has a market cap of $9.01 billion, a P/E ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30.

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.