Envestnet Asset Management Inc. Has $14.09 Million Stock Holdings in Fidelity Limited Term Bond ETF $FLTB

Envestnet Asset Management Inc. increased its position in shares of Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 21.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 278,124 shares of the company’s stock after buying an additional 48,290 shares during the quarter. Envestnet Asset Management Inc. owned about 5.06% of Fidelity Limited Term Bond ETF worth $14,090,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in shares of Fidelity Limited Term Bond ETF by 3,519.4% in the 3rd quarter. Global Retirement Partners LLC now owns 84,513 shares of the company’s stock worth $4,281,000 after acquiring an additional 82,178 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Fidelity Limited Term Bond ETF by 60.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 116,404 shares of the company’s stock valued at $5,867,000 after buying an additional 43,997 shares in the last quarter. Elevation Capital Advisory LLC bought a new stake in shares of Fidelity Limited Term Bond ETF during the third quarter valued at about $1,659,000. Flow Traders U.S. LLC purchased a new stake in Fidelity Limited Term Bond ETF in the 2nd quarter worth approximately $1,492,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Fidelity Limited Term Bond ETF during the second quarter valued at $1,406,000. Institutional investors own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Trading Up 0.1%

FLTB stock opened at $50.92 on Tuesday. The company’s 50 day moving average is $50.77 and its 200 day moving average is $50.74. The stock has a market cap of $361.53 million, a price-to-earnings ratio of 32.23 and a beta of 0.10. Fidelity Limited Term Bond ETF has a 1-year low of $49.41 and a 1-year high of $51.07.

Fidelity Limited Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a yield of 4.1%. Fidelity Limited Term Bond ETF’s payout ratio is 137.97%.

Fidelity Limited Term Bond ETF Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.