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

Shares of Fidelity Low Duration Bond ETF (NASDAQ:FLDB) rose 0.1% during mid-day trading on Thursday . The company traded as high as $50.57 and last traded at $50.56. Approximately 9,902 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 10,873 shares. The stock had previously closed at $50.52.

Fidelity Low Duration Bond ETF Trading Up 0.1%

The company has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $50.56.

Fidelity Low Duration Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 29th were paid a $0.146 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Thursday, January 29th.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers bought a new position in Fidelity Low Duration Bond ETF in the 2nd quarter worth about $234,000. Envestnet Asset Management Inc. bought a new stake in shares of Fidelity Low Duration Bond ETF during the second quarter valued at approximately $288,000. LPL Financial LLC purchased a new position in Fidelity Low Duration Bond ETF in the 4th quarter worth approximately $412,000. Nwam LLC bought a new position in Fidelity Low Duration Bond ETF in the 2nd quarter valued at approximately $585,000. Finally, &PARTNERS purchased a new stake in Fidelity Low Duration Bond ETF during 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.