Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Sold by Sunburst Financial Group LLC

Sunburst Financial Group LLC decreased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 893,970 shares of the company’s stock after selling 15,427 shares during the period. Fidelity Total Bond ETF accounts for 11.4% of Sunburst Financial Group LLC’s portfolio, making the stock its largest position. Sunburst Financial Group LLC owned about 0.93% of Fidelity Total Bond ETF worth $40,184,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $25,000. Pineridge Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the fourth quarter valued at $46,000. PNC Financial Services Group Inc. bought a new stake in Fidelity Total Bond ETF in the fourth quarter worth approximately $58,000. Sound Income Strategies LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $74,000. Finally, Private Trust Co. NA grew its holdings in Fidelity Total Bond ETF by 51.2% in the 4th quarter. Private Trust Co. NA now owns 1,616 shares of the company’s stock valued at $74,000 after buying an additional 547 shares during the last quarter.

Fidelity Total Bond ETF Trading Down 0.3 %

NYSEARCA:FBND traded down $0.13 during mid-day trading on Friday, hitting $45.01. The company’s stock had a trading volume of 220,243 shares, compared to its average volume of 1,236,874. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a fifty day moving average of $44.85 and a 200-day moving average of $45.18. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $46.21.

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.