Royal Bank of Canada Raises Position in Fidelity Low Duration Bond Factor ETF $FLDR

Royal Bank of Canada boosted its holdings in shares of Fidelity Low Duration Bond Factor ETF (BATS:FLDR) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,333 shares of the company’s stock after buying an additional 17,596 shares during the period. Royal Bank of Canada owned approximately 0.72% of Fidelity Low Duration Bond Factor ETF worth $6,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLDR. GHP Investment Advisors Inc. purchased a new stake in shares of Fidelity Low Duration Bond Factor ETF in the 1st quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fidelity Low Duration Bond Factor ETF during the second quarter worth about $25,000. Fifth Third Bancorp bought a new position in shares of Fidelity Low Duration Bond Factor ETF in the first quarter worth approximately $33,000. Basepoint Wealth LLC bought a new position in shares of Fidelity Low Duration Bond Factor ETF in the first quarter worth approximately $59,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of Fidelity Low Duration Bond Factor ETF in the fourth quarter worth approximately $88,000.

Fidelity Low Duration Bond Factor ETF Stock Up 0.1%

Shares of FLDR opened at $50.05 on Wednesday. Fidelity Low Duration Bond Factor ETF has a 1-year low of $49.02 and a 1-year high of $50.62. The firm’s 50 day simple moving average is $50.13 and its 200 day simple moving average is $50.18.

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. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.