Sunburst Financial Group LLC Raises Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Sunburst Financial Group LLC grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 986,466 shares of the company’s stock after acquiring an additional 116,425 shares during the period. Fidelity Total Bond ETF accounts for 10.9% of Sunburst Financial Group LLC’s portfolio, making the stock its largest holding. Sunburst Financial Group LLC owned about 0.49% of Fidelity Total Bond ETF worth $44,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Fidelity Total Bond ETF during the third quarter worth $30,000. Highline Wealth Partners LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at $47,000. Darwin Wealth Management LLC bought a new position in shares of Fidelity Total Bond ETF in the third quarter valued at about $54,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth about $87,000.

Fidelity Total Bond ETF Stock Up 0.6 %

Shares of NYSEARCA:FBND opened at $45.16 on Friday. The firm 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 12 month low of $44.01 and a 12 month high of $47.30. The company’s 50-day moving average price is $45.12 and its two-hundred day moving average price is $45.81.

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.