Sunburst Financial Group LLC Sells 10,319 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Sunburst Financial Group LLC decreased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 870,041 shares of the company’s stock after selling 10,319 shares during the quarter. Fidelity Total Bond ETF makes up about 10.3% of Sunburst Financial Group LLC’s holdings, making the stock its biggest holding. Sunburst Financial Group LLC’s holdings in Fidelity Total Bond ETF were worth $40,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FBND. Diversify Wealth Management LLC increased its holdings in Fidelity Total Bond ETF by 16.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 170,598 shares of the company’s stock valued at $7,800,000 after purchasing an additional 23,514 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $47,000. Mutual Advisors LLC increased its stake in Fidelity Total Bond ETF by 4.7% during the 3rd quarter. Mutual Advisors LLC now owns 33,977 shares of the company’s stock worth $1,556,000 after buying an additional 1,512 shares during the period. Strategic Blueprint LLC lifted its holdings in Fidelity Total Bond ETF by 51.8% during the 3rd quarter. Strategic Blueprint LLC now owns 111,225 shares of the company’s stock worth $5,199,000 after buying an additional 37,938 shares in the last quarter. Finally, Legacy Wealth Management Inc boosted its position in Fidelity Total Bond ETF by 2.2% in the 3rd quarter. Legacy Wealth Management Inc now owns 2,937,256 shares of the company’s stock valued at $137,287,000 after buying an additional 62,805 shares during the period.

Fidelity Total Bond ETF Trading Down 0.3 %

NYSEARCA:FBND traded down $0.16 during midday trading on Wednesday, reaching $45.58. The company had a trading volume of 578,249 shares, compared to its average volume of 1,576,364. The stock’s fifty day simple moving average is $46.51 and its 200-day simple moving average is $45.65. Fidelity Total Bond ETF has a 12-month low of $42.65 and a 12-month high of $47.30. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.