Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Announces Dividend of $0.16

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) declared a dividend on Thursday, May 28th, NASDAQ Dividends reports. Investors of record on Thursday, May 28th will be paid a dividend of 0.161 per share on Monday, June 1st. The ex-dividend date of this dividend is Thursday, May 28th.

Fidelity Low Duration Bond ETF Trading Down 0.0%

Shares of Fidelity Low Duration Bond ETF stock opened at $50.41 on Thursday. The firm’s 50-day moving average is $50.38 and its 200 day moving average is $50.45. Fidelity Low Duration Bond ETF has a 1 year low of $50.18 and a 1 year high of $50.93.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in 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 in the last quarter. Cetera Investment Advisers bought a new position in Fidelity Low Duration Bond ETF in the 2nd quarter valued at approximately $234,000. RCS Financial Planning LLC purchased a new stake in Fidelity Low Duration Bond ETF during the 1st quarter valued at $341,000. Envestnet Asset Management Inc. boosted its stake in Fidelity Low Duration Bond ETF by 135.7% during the 3rd 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 last quarter. Finally, LPL Financial LLC purchased a new stake in Fidelity Low Duration Bond ETF during the 4th quarter valued at $412,000.

About Fidelity Low Duration Bond ETF

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.