Fidelity Total Bond ETF $FBND Shares Bought by Sunburst Financial Group LLC

Sunburst Financial Group LLC grew its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,110,436 shares of the company’s stock after purchasing an additional 28,089 shares during the period. Fidelity Total Bond ETF comprises approximately 10.3% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 2nd largest holding. Sunburst Financial Group LLC owned 0.22% of Fidelity Total Bond ETF worth $51,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Fidelity Total Bond ETF by 19.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,451 shares of the company’s stock valued at $478,000 after purchasing an additional 1,672 shares in the last quarter. StoneX Group Inc. boosted its holdings in Fidelity Total Bond ETF by 491.5% during the second quarter. StoneX Group Inc. now owns 50,973 shares of the company’s stock worth $2,341,000 after buying an additional 42,355 shares in the last quarter. Cerity Partners LLC boosted its holdings 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. Cary Street Partners Financial LLC grew its position in Fidelity Total Bond ETF by 21.8% during the second quarter. Cary Street Partners Financial LLC now owns 31,396 shares of the company’s stock valued at $1,436,000 after buying an additional 5,612 shares during the period. Finally, Financial Strategies Group Inc. increased its holdings in Fidelity Total Bond ETF by 7.2% in the second quarter. Financial Strategies Group Inc. now owns 509,993 shares of the company’s stock valued at $23,164,000 after buying an additional 34,404 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $45.71 on Monday. The firm has a 50-day simple moving average of $46.10 and a two-hundred day simple moving average of $46.26. The company has a market cap of $25.07 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86.

Fidelity Total Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a $0.161 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.2%. This is a boost from Fidelity Total Bond ETF’s previous monthly dividend of $0.15.

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.