Sunburst Financial Group LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,190,025 shares of the company’s stock after purchasing an additional 43,234 shares during the period. Fidelity Total Bond ETF makes up 8.8% of Sunburst Financial Group LLC’s holdings, making the stock its 2nd biggest holding. Sunburst Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $54,134,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of FBND. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the first quarter worth about $25,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $37,000. Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $49,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at approximately $49,000.
Fidelity Total Bond ETF Trading Up 0.2%
Shares of Fidelity Total Bond ETF stock opened at $45.00 on Friday. The firm’s 50 day moving average is $45.31 and its 200 day moving average is $45.70. The firm has a market capitalization of $27.26 billion, a PE ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.65 and a 1 year high of $46.86.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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