Sunburst Financial Group LLC Increases Stock Position in Fidelity Total Bond ETF $FBND

Sunburst Financial Group LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190,025 shares of the company’s stock after buying an additional 43,234 shares during the period. Fidelity Total Bond ETF accounts for 8.8% of Sunburst Financial Group LLC’s holdings, making the stock its 2nd largest position. Sunburst Financial Group LLC owned 0.20% of Fidelity Total Bond ETF worth $54,134,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cerity Partners LLC grew its position in Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after buying an additional 32,071 shares in the last quarter. Betterment LLC increased its holdings in Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after buying an additional 2,597 shares during the period. Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000. Graney & King LLC raised its position in shares of Fidelity Total Bond ETF by 7.3% in the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after buying an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity Total Bond ETF by 40.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after buying an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of Fidelity Total Bond ETF stock opened at $45.00 on Friday. The company has a 50 day moving average of $45.31 and a 200-day moving average of $45.70. Fidelity Total Bond ETF has a 1-year low of $44.65 and a 1-year high of $46.86. The company has a market cap of $27.26 billion, a PE ratio of 8.94 and a beta of 0.27.

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.