Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Trading Down 0.1% – Here’s What Happened

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) shares dropped 0.1% during mid-day trading on Thursday . The company traded as low as $50.36 and last traded at $50.36. Approximately 3,269 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 8,660 shares. The stock had previously closed at $50.39.

Fidelity Low Duration Bond ETF Stock Performance

The business’s 50-day moving average price is $50.45 and its two-hundred day moving average price is $50.54.

Fidelity Low Duration Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a dividend of $0.158 per share. This is a positive change from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Fidelity Low Duration Bond ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,759 shares during the last quarter. Jane Street Group LLC grew its stake in Fidelity Low Duration Bond ETF by 110.0% in the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock worth $1,019,000 after purchasing an additional 10,579 shares in the last quarter. Cetera Investment Advisers grew its stake in Fidelity Low Duration Bond ETF by 220.0% in the fourth quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock worth $889,000 after purchasing an additional 12,136 shares in the last quarter. &PARTNERS bought a new stake in Fidelity Low Duration Bond ETF in the fourth quarter valued at about $767,000. Finally, Nwam LLC increased its holdings in Fidelity Low Duration Bond ETF by 31.2% in the third quarter. Nwam LLC now owns 15,215 shares of the company’s stock valued at $771,000 after buying an additional 3,618 shares during the last quarter.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.