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

by · The Markets Daily

Sunburst Financial Group LLC boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,082,347 shares of the company’s stock after buying an additional 19,120 shares during the quarter. Fidelity Total Bond ETF makes up about 10.5% of Sunburst Financial Group LLC’s holdings, making the stock its 2nd biggest position. Sunburst Financial Group LLC owned about 0.23% of Fidelity Total Bond ETF worth $50,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock worth $3,940,297,000 after buying an additional 4,963,926 shares during the period. Bank of America Corp DE grew its position in Fidelity Total Bond ETF by 5.4% in the 2nd quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock worth $561,396,000 after purchasing an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 1.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock worth $445,319,000 after purchasing an additional 177,177 shares during the period. Country Trust Bank raised its position in shares of Fidelity Total Bond ETF by 3.3% during the second quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock valued at $283,016,000 after buying an additional 194,869 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Total Bond ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock valued at $259,347,000 after buying an additional 571,082 shares during the period.

Fidelity Total Bond ETF Stock Down 0.0%

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

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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