Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Trading 0.1% Higher – Should You Buy?

Shares of Fidelity Low Duration Bond ETF (NASDAQ:FLDB) traded up 0.1% on Monday . The stock traded as high as $50.47 and last traded at $50.47. 3,306 shares were traded during trading, a decline of 60% from the average session volume of 8,223 shares. The stock had previously closed at $50.44.

Fidelity Low Duration Bond ETF Stock Performance

The company’s 50-day moving average is $50.41 and its 200-day moving average is $50.50.

Fidelity Low Duration Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 30th were paid a $0.169 dividend. This is a positive change from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Trading of Fidelity Low Duration Bond ETF

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in Fidelity Low Duration Bond ETF in the second quarter valued at approximately $234,000. LPL Financial LLC acquired a new stake in Fidelity Low Duration Bond ETF during the fourth quarter worth $412,000. Envestnet Asset Management Inc. raised its position in Fidelity Low Duration Bond ETF by 135.7% in the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after purchasing an additional 7,741 shares during the period. Nwam LLC raised its position 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 purchasing an additional 3,618 shares during the period. Finally, &PARTNERS acquired a new position in shares of Fidelity Low Duration Bond ETF in the 4th quarter valued at $767,000.

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.