Envestnet Asset Management Inc. Has $11.83 Million Stock Position in Fidelity Low Duration Bond Factor ETF $FLDR

Envestnet Asset Management Inc. lifted its position in Fidelity Low Duration Bond Factor ETF (BATS:FLDR) by 205.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,557 shares of the company’s stock after acquiring an additional 158,558 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.26% of Fidelity Low Duration Bond Factor ETF worth $11,825,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. boosted its stake in shares of Fidelity Low Duration Bond Factor ETF by 2,486.6% during the 2nd quarter. Raymond James Financial Inc. now owns 578,139 shares of the company’s stock valued at $28,947,000 after buying an additional 555,788 shares during the period. AE Wealth Management LLC increased its position in Fidelity Low Duration Bond Factor ETF by 7.8% during the third quarter. AE Wealth Management LLC now owns 340,054 shares of the company’s stock worth $17,071,000 after acquiring an additional 24,634 shares during the period. Bank of America Corp DE lifted its stake in shares of Fidelity Low Duration Bond Factor ETF by 7.5% in the second quarter. Bank of America Corp DE now owns 254,599 shares of the company’s stock valued at $12,748,000 after buying an additional 17,670 shares during the period. Jane Street Group LLC increased its position in shares of Fidelity Low Duration Bond Factor ETF by 400.1% during the second quarter. Jane Street Group LLC now owns 194,017 shares of the company’s stock valued at $9,714,000 after purchasing an additional 155,224 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Fidelity Low Duration Bond Factor ETF by 52.2% during the 2nd quarter. Osaic Holdings Inc. now owns 166,081 shares of the company’s stock worth $8,320,000 after acquiring an additional 56,959 shares during the period.

Fidelity Low Duration Bond Factor ETF Price Performance

Shares of FLDR opened at $50.38 on Wednesday. Fidelity Low Duration Bond Factor ETF has a 1 year low of $49.02 and a 1 year high of $50.62. The stock has a 50 day simple moving average of $50.29 and a 200-day simple moving average of $50.29.

Fidelity Low Duration Bond Factor ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 29th were issued a dividend of $0.166 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 4.0%.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.