Sunburst Financial Group LLC Acquires 31,594 Shares of Fidelity Total Bond ETF $FBND

by · The Cerbat Gem

Sunburst Financial Group LLC grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,063,227 shares of the company’s stock after purchasing an additional 31,594 shares during the quarter. Fidelity Total Bond ETF comprises 10.9% of Sunburst Financial Group LLC’s portfolio, making the stock its 2nd biggest holding. Sunburst Financial Group LLC owned approximately 0.25% of Fidelity Total Bond ETF worth $48,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Fidelity Total Bond ETF by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 5,097,709 shares of the company’s stock worth $232,710,000 after buying an additional 490,739 shares in the last quarter. Bryant Woods Investment Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 7.5% in the 1st quarter. Bryant Woods Investment Advisors LLC now owns 35,907 shares of the company’s stock valued at $1,639,000 after purchasing an additional 2,509 shares during the period. Brown Financial Advisory bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $625,000. Navalign LLC grew its stake in shares of Fidelity Total Bond ETF by 30.2% in the 1st quarter. Navalign LLC now owns 867,568 shares of the company’s stock valued at $39,604,000 after purchasing an additional 201,396 shares during the period. Finally, NTV Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $219,000.

Fidelity Total Bond ETF Trading Down 0.1%

FBND stock opened at $46.32 on Tuesday. The firm has a market cap of $22.13 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The business’s 50 day moving average is $46.40 and its 200-day moving average is $45.78.

Fidelity Total Bond ETF Company Profile

(Free Report)

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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