WestHill Financial Advisors Inc. Increases Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

WestHill Financial Advisors Inc. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 543,842 shares of the company’s stock after acquiring an additional 9,591 shares during the period. Fidelity Total Bond ETF accounts for 7.0% of WestHill Financial Advisors Inc.’s portfolio, making the stock its 5th largest position. WestHill Financial Advisors Inc. owned 0.57% of Fidelity Total Bond ETF worth $24,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nwam LLC raised its stake in Fidelity Total Bond ETF by 3.5% during the 2nd quarter. Nwam LLC now owns 7,534 shares of the company’s stock worth $342,000 after buying an additional 256 shares during the period. Quad Cities Investment Group LLC grew its position in shares of Fidelity Total Bond ETF by 3.4% in the 2nd quarter. Quad Cities Investment Group LLC now owns 7,964 shares of the company’s stock valued at $362,000 after purchasing an additional 262 shares during the period. Spinnaker Trust raised its holdings in Fidelity Total Bond ETF by 0.3% during the 2nd quarter. Spinnaker Trust now owns 86,043 shares of the company’s stock worth $3,908,000 after buying an additional 296 shares during the period. Stone House Investment Management LLC lifted its stake in Fidelity Total Bond ETF by 5.1% in the second quarter. Stone House Investment Management LLC now owns 6,630 shares of the company’s stock valued at $301,000 after buying an additional 321 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Fidelity Total Bond ETF by 7.4% in the second quarter. Bank of Montreal Can now owns 5,681 shares of the company’s stock valued at $271,000 after buying an additional 392 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of NYSEARCA:FBND traded up $0.09 during mid-day trading on Tuesday, reaching $44.31. 299,094 shares of the stock were exchanged, compared to its average volume of 796,563. The stock’s 50 day simple moving average is $43.50 and its 200-day simple moving average is $44.59. Fidelity Total Bond ETF has a one year low of $42.45 and a one year high of $46.96. The company has a market cap of $4.25 billion, a P/E ratio of 12.64 and a beta of 0.17.

Fidelity Total Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Friday, October 27th. This is a boost from Fidelity Total Bond ETF’s previous dividend of $0.15.

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.