Fidelity Total Bond ETF $FBND Shares Bought by Sunburst Financial Group LLC

Sunburst Financial Group LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,082,347 shares of the company’s stock after acquiring an additional 19,120 shares during the period. Fidelity Total Bond ETF accounts for about 10.5% of Sunburst Financial Group LLC’s portfolio, making the stock its 2nd largest position. Sunburst Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $50,048,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Caldwell Trust Co acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at $34,000. Brown Lisle Cummings Inc. bought a new stake in Fidelity Total Bond ETF in the second quarter valued at $38,000. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $49,000. Finally, Creekmur Asset Management LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $86,000.

Fidelity Total Bond ETF Stock Performance

FBND opened at $46.39 on Friday. The firm’s 50-day simple moving average is $46.41 and its 200-day simple moving average is $46.09. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.