Fidelity Low Duration Bond ETF (NASDAQ:FLDB – Get Free Report) announced a monthly dividend on Wednesday, April 29th, NASDAQ Dividends reports. Investors of record on Wednesday, April 29th will be given a dividend of 0.171 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 29th. This is a 1.2% increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.17.
Fidelity Low Duration Bond ETF Price Performance
Shares of FLDB stock opened at $50.45 on Thursday. The firm has a fifty day moving average of $50.41 and a 200-day moving average of $50.49. Fidelity Low Duration Bond ETF has a 12-month low of $50.23 and a 12-month high of $50.93.
Institutional Investors Weigh In On Fidelity Low Duration Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of FLDB. Cetera Investment Advisers acquired a new stake in shares of Fidelity Low Duration Bond ETF during the 2nd quarter worth about $234,000. LPL Financial LLC acquired a new stake in Fidelity Low Duration Bond ETF during the fourth quarter worth approximately $412,000. &PARTNERS acquired a new stake in Fidelity Low Duration Bond ETF during the fourth quarter worth approximately $767,000. JPMorgan Chase & Co. boosted its holdings in shares of Fidelity Low Duration Bond ETF by 2,138.2% during the second quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock worth $982,000 after acquiring an additional 18,602 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Fidelity Low Duration Bond ETF by 110.0% in the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after purchasing an additional 10,579 shares during the last quarter.
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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