Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Stock Price Up 0.2% – Still a Buy?

Fidelity Low Duration Bond Factor ETF (BATS:FLDR)’s share price rose 0.2% during mid-day trading on Monday . The company traded as high as $50.01 and last traded at $50.04. Approximately 70,304 shares were traded during mid-day trading, The stock had previously closed at $49.94.

Fidelity Low Duration Bond Factor ETF Price Performance

The business’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $50.15.

Fidelity Low Duration Bond Factor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 30th were given a dividend of $0.219 per share. The ex-dividend date of this dividend was Monday, December 30th.

Hedge Funds Weigh In On Fidelity Low Duration Bond Factor ETF

A number of institutional investors have recently bought and sold shares of FLDR. Cedar Point Capital Partners LLC increased its stake in shares of Fidelity Low Duration Bond Factor ETF by 4.7% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 142,644 shares of the company’s stock worth $7,162,000 after acquiring an additional 6,353 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 2nd quarter worth approximately $5,549,000. AE Wealth Management LLC grew its stake in shares of Fidelity Low Duration Bond Factor ETF by 14.5% in the 2nd quarter. AE Wealth Management LLC now owns 144,895 shares of the company’s stock worth $7,232,000 after buying an additional 18,336 shares during the last quarter. Great Lakes Retirement Inc. bought a new position in Fidelity Low Duration Bond Factor ETF during the 3rd quarter valued at approximately $2,301,000. Finally, Planning Directions Inc. raised its stake in Fidelity Low Duration Bond Factor ETF by 2.7% during the third quarter. Planning Directions Inc. now owns 79,796 shares of the company’s stock valued at $4,007,000 after buying an additional 2,072 shares during the last quarter.

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.