Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $50.26 and traded as high as $50.35. Fidelity Low Duration Bond ETF shares last traded at $50.35, with a volume of 17,876 shares trading hands.
Fidelity Low Duration Bond ETF Stock Performance
The stock’s 50-day moving average price is $50.26 and its two-hundred day moving average price is $50.35.
Fidelity Low Duration Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 29th were issued a $0.1670 dividend. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1580. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $2.00 annualized dividend and a yield of 4.0%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Midwest Financial Network LLC raised its stake in shares of Fidelity Low Duration Bond ETF by 119.6% during the 3rd quarter. Midwest Financial Network LLC now owns 20,210 shares of the company’s stock valued at $1,013,000 after purchasing an additional 11,005 shares during the period. Envestnet Asset Management Inc. raised its stake in Fidelity Low Duration Bond ETF by 14.3% in the second quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after purchasing an additional 4,108 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Fidelity Low Duration Bond ETF during the 2nd quarter valued at $51,000. Finally, Harmony Asset Management LLC bought a new stake in Fidelity Low Duration Bond ETF during the first quarter worth about $6,980,000.
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.
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